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Cryptomarketcap

CRYPTO week ahead: May 30 – Jun 5Last week in the news Latest output of economic data is modestly increasing investors' confidence that inflation in the US might be slowing down, after the latest measures imposed by the FED. The US equities finished the week in a positive territory. However, the crypto market is currently on hold. Bitcoin is finishing the week modestly below $28K, Ether holds above support at $1.750. One of the favorite FED`s indicators for inflation estimate is Personal Consumption Expenditure in the US. This indicator rose 4.9% in April, which was in line with market estimates and significantly less from March`s 5.2%. This figure brought some relief on the financial markets as it will mean that FED will probably slow down with further increase in interest rates, but it still does not mean that FED will halt further liquidity squeeze from the market, so further risks for financial markets still exist, as inflation in the US still holds at 8.3% y/y in April. Investors who founded Terra project are not ready to give up on it, after its recent total debacle on the market. As per news, they are ready to renew Terra 2.0 ecosystem, whose recent crash of UST and LUNA caused estimated losses of around $60 billion. Terra will launch a new blockchain and airdrop new LUNA tokens to users who already possess the old LUNA and UST tokens. On the other hand, analysts are sceptical if this project might still be a success, considering that it would be extremely hard to rebuild market trust. At the World Economic Forum held in Davos, Switzerland, last week, almost half of participants were from the crypto industry. At an event called Promenade, where people from various businesses are able to meet people from governments, the most dominant businesses were from the crypto world including Meta and SaleForce. This is the first time in history of WEF meetings that the crypto businesses are taking the lead among all other industries. Binance is continuing its expansion in Europe with its latest office in Italy. Last week the company secured an operating license for offering virtual asset services in Italy from a local regulator. Binance recently gained regulatory approval for operations in France, Bahrain and Dubai. Elon Musk again supported Dogecoin by tweeting that SpaceX will soon allow for commercial items related to this SpaceX project to be bought using DOGE coin. After he tweeted this news, the coin`s price was increased by 10%. Musk` s company Tesla has allowed the same purchases since December last year. Crypto market cap Despite indications that inflation in the US is slowing down, the crypto market continues to trade sideways. Dip buyers are still on hold, waiting for comments from FED in relation to their further moves to cope with inflation. During the previous week total crypto market capitalization decreased by an additional $57B or 5%, ending the week at a level of $1.19 trillion. Weekly decrease was led by Ether, second week where this coin is outperforming BTC, unfortunately, in a negative way. Daily trading volumes were further decreased, moving around $135B on a daily basis. Total outflow from the beginning of the year is nearing $1B, which is a decrease of $45% within five months. For a second week in a row Ether is leading drop in total market capitalization, and beating the BTC for a second week. During the previous week Ether lost almost $24B, which is decrease of 10% on a weekly basis. Bitcoin took second place when it comes to funds outflow, losing during the week $10B or almost 2% of market cap. Significant drop had Solana, with decrease of $3B in market cap or 17%, while XRP continued its turn to the downside, with another drop of $1.5B or 7% during the week. Group of coins which lost above $1B includes Binance Coin, whose market cap was down by additional 2%. On the other hand, there were gainers during the week, like Ethereum Classic, which gained 11%, followed by Bitcoin Gold, with weekly increase in market cap by 15%. Tether continues to decrease coins in circulation, losing an additional 1% in market cap, or $730 million within a week. Crypto futures market Spot market was traded sideways; however, investors on futures markets were not so optimistic during the week. BTC`s both short and long term futures were down around 2%, where maturities as of the end of this year are holding modestly above $30K. On the other side, ETH futures experienced much higher drop. Short term futures were down by some 10% in line with the spot market; however, the latest price for the end of this year was down by 14% on a weekly basis, reaching level of $1.780, and below the $2K psychological line for ETH.
CRYPTOCAP:TOTAL
by XBTFX
One big gap in the crypto winter? With the collapse of UST (TerraUSD) and the depeg of USDT (Tether), the fear level in the cryptocurrency markets is at a high. The total market cap of the cryptocurrency market has more than halved since the peak as market participants rush to exit, preferring fiat over digital dollars. The net outflows have left Bitcoin prices teetering on the edge of no man’s land with no support in sight. A brief break of the $30,000 psychological support level on May 12, as well as the 61.8% Fibonacci retracement level, all points to potential further weakness for Bitcoin. Things get uglier when we look down for support. A big gap remains from current price levels to the next level of support at the $20,000 range, followed by the next Fibonacci retracement level at the $18,000 range. As headwinds including regulatory crackdowns and continued risk-off sentiment compounded for the cryptocurrency markets, we expect more downside from here. Be careful out there! Entry at 30,200, stop above 36,915. Targets are 23,000 and 20,000. Disclaimer: The contents in this Idea are intended for information purpose only and do not constitute investment recommendation or advice. Nor are they used to promote any specific products or services. They serve as an integral part of a case study to demonstrate fundamental concepts in risk management under given market scenarios.
CME:BTC1!Short
by inspirante
The shattering of the cryptocurrency bubbleSince November 2021, the total market cap of cryptocurrencies has started to decline. Indeed, it has declined approximately 60% until now; meanwhile, the selloff has accompanied this in more than 20 000 cryptocurrencies. Moreover, volatility remains highly elevated, and short-lived bounces in the price of tokens, followed by fast crashes, suggest anxiety among market participants. These are particular signs of the downtrend, which is poised to continue further. Technical and fundamental factors support this view. All - daily, weekly, and monthly time frames - remain bearish. Additionally, altcoins experience outflows of capital, while Bitcoin sees capital inflows. That hints that people are flocking to Bitcoin from other riskier coins. At the same time, the prospects of higher rates in the U.S. and around the globe pose threat to the purchasing power of cryptocurrencies. Therefore, our outlook is very bearish and we voice a word of caution to the market participants. *additional ideas in which we detail how we navigated the current downtrend are attached below the idea ATH of the total cryptocurrency market cap = 3.009 trn. USD (10th November 2021) The current value of the total cryptocurrency market cap = 1.217 trn. USD Illustration 1.01 Illustration 1.01 portrays the total cryptocurrencies market cap excluded BTC. Illustration 1.02 The picture above shows the dominance of BTC. It can be seen that its dominance has started to increase as other altcoins started to puke. Illustration 1.03 Illustration 1.03 shows the daily chart of BTCUSD. It also shows how it correlates with the total cryptocurrency market cap. A strong positive correlation is shown. *A strong correlation can be observed also with the tech sector which experiences "tech winter". Illustration 1.04 The illustration above shows LUNA (against USDT), a popular stablecoin that gained a lot of press within the past few days due to its sharp drop of more than 99%. This event foreshadows more similar events to come in cryptocurrencies that lack any other use than speculation. Illustration 1.05 Bitcoin has entered the "free-fall area" - an area with the absence of support. DISCLAIMER: This analysis is not intended to encourage any buying or selling of any particular securities. Furthermore, it should not serve as a basis for taking any trade action by an individual investor. Therefore, your own due diligence is highly advised before entering a trade.
CRYPTOCAP:TOTAL
by Tradersweekly
4
Total Crypto Market Cap 1M Chart ReviewHello friends, today you can review the technical analysis idea on a 1M linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap fell out of the Ascending Channel. The measured move is shown in the chart. Lastly, this is a monthly chart, so please have patience. Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, RSI. Have you read my Bitcoin: No Hopium Discussion 2? Check it out -> If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:TOTAL
by MillionaireEconomics
3
Breaks of a Parabolic TrendRight now we are experiencing bearish action which will ultimately result in a break of this parabolic trend, this might seem grim, however the past two times have led to a recovery of the trend This might occur again and the bull market will resume. The white zones of the RSI are the break points of the Trend I am suggesting a further down move, but a stronger recovery to follow this. I do not believe the Bull market is completely over. Perhaps im a permabull.
CRYPTOCAP:TOTAL
by Bixley
Cryptocurrency Market Cap Downtrend to Sub $1 Trillion Crypto has taken a beating, risk-off markets are driving speculative assets & equities down. Current trend reflects bearish continuation, with MA6 rejected cleanly off EMA18. Looking at long-term channel with current trend, total crypto mcap to sub $1 Trillion is possible... settling between $950B & $975B early July. Fed will get a few rate hikes of 50 bps in, QT will see some Central Bank balance sheet reductions, driving markets to acknowledge economy is in recession. Path ahead from July is uncertain, closely monitor Bitcoin exchange inflows along w/ NASDAQ & S&P500... market reversal will be clear if inflows drop and we see traditional markets stop bleeding out.
CRYPTOCAP:TOTALShort
by UnknownUnicorn20630062
TOTAL/BTC BREAKOUT You can see that BTC has beautifully broke up. However if we look at the total crypto market there was no breakout. This could indicate that there is further downside or that the real test will be after BTC's breakout of the descending broadening wedge if we look at current price action of BTC If BTC breaks 39k it will go and test the highs of 43-46k. Breaking 46k will start a new bull run, probably to a new all time high. However, BTC already broke down from both the triangle formation and the descending broadening wedge pattern. Now if it gets rejected from the same trendline it will dump quick and by a lot, probably retesting the lower 30s. ------------------- Please leave a like. -------------- BTCUSD BTCUSDT STACKING SATS
CRYPTOCAP:TOTAL
by KaynakiKaymaki
2
Total Crypto Market Cap 1W Chart UpdateHello friends, today you can review the technical analysis idea on a 1W linear scale chart for the Total Crypto Market Cap. The chart is self-explanatory. The total crypto market cap is making an attempt to get back into the Ascending Channel. If it does not get back into the channel, it has the potential to fall down significantly. RSI is approaching the S/R Line and will need to go back above it to continue the move up. Lastly, this is a weekly chart, so please have patience. Included in the chart: Trend line, Ascending Channel, Support and Resistance Lines, RSI . If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:TOTAL
by MillionaireEconomics
CRYPTO MARKET CAP: REVERSAL IS COMING?Last week ended with a Lower shadow candle. To take on meaning it must form after a very strong down-trend, as we have. The further attempt of a bearish extension found a return of buyers who raised the price: in this case we could identify a support level near the lows of the candle. This pattern generates a bullish expectation also for the following week. In these configurations the body candle color is not so important, while the formation of a very pronounced spikes is it. note: no pattern or candle predict the future, is just an interpretation of market conditions.
CRYPTOCAP:TOTALLong
by yellow_ag
TOTAL CRYPTO-CAP, Complete H-S-Formation, Precarious Now!Hello, Welcome to this analysis about the total cryptocurrency market cap and the daily timeframe perspectives. The whole market recently heavily dumped to the downside which happened simultaneously with the stock market also dumping and after the news came around that the European Union Financial Regulatory Arm wants to completely ban Proof-of-Work mining, this had immediate dramatic effects on the market with nearly all coins heavily declining to the south. Now in this development the whole market as I detected completed the main formation with this mega dump and now there are further determinations that should be considered when looking forward. In any case, we currently should not underestimate the possibility of a bearish continuation and be prepared for it. In this manner, I detected all the important levels and upcoming developments we need to consider here. Structural Developments: As when looking at my chart we can watch there how the total cryptocurrency market cap has formed this massive decisive head shoulder formation with all elements of the formation already completed and recently the breakdown happened below the neckline which technically completed the whole formation. In a YouTube video, I explicated this formation, you can still watch it as it is still active. Now as the total cryptocurrency market cap dumped into the 640 Billion US-Dollar support marked in my chart in grey this is a crucial level because it will decide upon the upcoming outcomes of either a possible reversal or not. For now, the total cryptocurrency market cap has a major resistance cluster marked in my chart in red where several resistances coming together and with that being said when the total cryptocurrency market cap moves into this zone a heavy pullback will be highly likely. Upcoming Determinations: Taking all these factors into the consideration it will be highly conclusive on how the total cryptocurrency market cap moves after pulling back off the resistance cluster, if the market then breaks down below the 640 Billion US-Dollar support then a wave C extension will be indicated as it is seen in my chart. Otherwise when this does not happen, which is the less possible scenario is when the market stays above this main support and initially manages to stabilize within to form a reversal in this area however according to the strength of the breakdown and the high intensity with which bearishness showed up in the market the initial bearish continuation scenario has a higher possibility as the final head shoulder target zone still has not been reached yet this will happen with the wave C extension. For now, we need to be prepared for such bearish volatility continuations. In this manner, thank you for watching the analysis, all the best! "The high destiny of the market is to explicate, rather than to speculate." Information provided is only educational and should not be used to take action in the markets.
CRYPTOCAP:TOTAL3
by VincePrince
6
Total Crypto Market Cap: Chart Update Hello friends, today you can review the technical analysis idea on a 1D linear scale chart for the Total Crypto Market Cap. The chart is showing a possible Head and Shoulders Pattern forming with the right shoulder currently forming. This may be invalidated if the crypto prices start to rise and increases the Total Crypto Market Cap. If the H&S pattern does complete the formation, it could potentially lead into a crypto bear market. Since this is a weekly chart, we will need to wait and watch. In the related ideas below I discuss the recent BTC price with trend lines, EMA Ribbons and 200 SMA. Please review those as well. If you enjoy my ideas, feel free to like it and drop in a comment. I love reading your comments below. Disclosure: This is just my opinion and not any type of financial advice. I enjoy charting and discussing technical analysis . Don't trade based on my advice. Do your own research! #cryptopickk
CRYPTOCAP:TOTAL
by MillionaireEconomics
4
$170-200 TRILLION MARKER CAP BY 2030 ?- As we can see since 2015 the market did roughly a 1,100,000 % INCREASE!! - This cycle took around 3 years to top off - 2018 the market was sitting at around $36-38 Billion it shot up by around 3,100% at its current peak of $2 Trillion - We have a long way to go, the crypto market is still a BABY! - We could see a 100X from here until 2030, this is your last chance get in early or get left behind, a time like this will never come again in many lifetimes!!
CRYPTOCAP:TOTAL2Long
by ALTCOIN_BEAST
2
CRYPTO TOTAL MARKET CAP TECHNICAL ANALYSISSee the total crypto market cap, which is 2.22% higher than yesterday. This number same as April 2021. What is the next then? The candles are moving between those 2 down trend-line. If Crypto total market cap will not go down lower than $1.925T, market cap may get approximately 12% higher than today. Risk/reward Ratio approximately 1.09. We haven't get any signal(s) from our robo advisor @EngineeringRobo yet. We need to follow our chart closely. "NFA"
CRYPTOCAP:TOTAL
by ABSTOCKER