AnalysisCrypto-CurrencyCRYPTOCURRENCY MARKET CAPITALIZATION DIPS TO $1.04TRILLION

CRYPTOCURRENCY MARKET CAPITALIZATION DIPS TO $1.04TRILLION

Cryptos have been on a sharp downtrend for the last 7 days and it has seen the crypto ecosystem tumble with more than 5.69%  over the last 7 days. Previously, the crypto market cap was $ 1.12 trillion but as per today’s record, it stands at $1.04 trillion.

Cardano tops the list of the major cryptos which have massively plunged with more than -35%, Bitcoin – 5.42%, Ethereum with -8.52%,BNB  -22.53%, Ripple -6.91%, and Dogecoin -16.89% over the last 7 days.

cryptos have been under consolidation over a long period whereby analysts speculated a possible strong bullish trend but the record has proved otherwise. In my opinion, it is not proper for investors to place a buy or sell position for the major cryptos, give it time, and observe the trend to avoid being trapped.

MORRIS-JACOB-WAWERU-GITHUKU65
MORRIS-JACOB-WAWERU-GITHUKU65
I have 3 years of experience in forex and crypto trading, having worked with Moneta markets forex broker, BITMARKET cryptocurrency broker and currently working with HFM as an introducing broker. Day trading sits well with me since I find it more lucrative and obeys my trading strategy. I trade during the London and New York sessions pair USDJPY, EURUSD, and AUDUSD. linkedin.com/in/morris-jacob-90911817a
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