Total crypto market cap takes another hit, but traders remain neutral

  • 📰 Cointelegraph
  • ⏱ Reading Time:
  • 40 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 19%
  • Publisher: 51%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

Negative newsflow and statements from the Federal Reserve negatively impacted the total crypto market capitalization. noshitcoins explains the primary reasons why the crypto market is correcting.

, which traded down 15.1%. Consequently, the bearish sentiment significantly impacted altcoins, with 14 of the top 80 coins dropping 12% or more in the period.The Open Network gained 30% after Telegram launched bidding for anonymous phone numbers sold for TON tokens.

Perpetual contracts, also known as inverse swaps, have an embedded rate usually charged every eight hours. Exchanges use this fee to avoid exchange risk imbalances. A 0.70 put-to-call ratio indicates that put options open interest lag the more bullish calls by 30% and this is bullish. In contrast, a 1.40 indicator favors put options by 40%, which can be deemed bearish.Even though Bitcoin's price failed to break the $18,000 resistance on Dec. 14, there was no excessive demand for downside protection using options. More precisely, the indicator has been below 1.00, so slightly optimistic, since Dec. 12.

Ultimately, bulls should not expect the $825 billion market capitalization to hold, which does not necessarily mean an immediate retest of the $790 billion support.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

noshitcoins 0xF66A18B5375343CCFeacF67330f00891dB3068af BSC / BEP20 Please help help help

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 562. in BUSİNESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

European markets head for negative open after hawkish Fed commentsEuropean stocks are heading for a lower open Thursday as global markets dip after the U.S. Federal Reserve's latest policy update.
Source: CNBC - 🏆 12. / 72 Read more »

Over 10,000 COVID tests recalled because they may produce false negative resultsJust over 11,000 at-home COVID tests were recalled this week because they may produce false negative results, according to an announcement by the FDA. Here they go again❓ Bill Gates announces the NEXT PANDEMIC DATE and outbreak location. According to Gates & the CISA, their NEW PLANDEMIC, will start in 2025 in Brazil❗️
Source: USATODAYhealth - 🏆 706. / 51 Read more »