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2 metrics signal traders do not expect $2T crypto market cap anytime soon -Breaking

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The 42-day-long downtrend in cryptocurrencies was not broken after the $1.95 billion capitalization resistance rejection on March 20. Although (BTCThe cryptocurrencies gained 3.7% in the last seven days. Altcoins saw a strong rally.

Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and 21. Such performance was positively impacted by Ether’s (ETH) 14% gains, (ADAThe () is increasing by 13% and the (SOLYou can also get 10% off.

Market cap total for crypto, US$ billion TradingView
Weekly losers and winners among top 80 coins Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Rate of accrued perpetual forwards funding on March 21. Source: Coinglass