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.
