Can BTC’s market cap drop to $650 billion in light of these investor-centric updates

Volatility ensured that Bitcoin remained more balanced

investors might have another cause to fret because the crypto market capitalization risked another fall, CryptoQuant analyst Ghoddusifar revealed.that a $1 trillion recovery should not be the short-term concern. Instead, investors should be distressed about the possibility of the entire market cap plunging to $620 billion.According to Ghoddusifar, the reason for this projection was due to the breakdown of the rising wedge pattern.

Since inflow and outflow were not extraordinarily large, it was unlikely to expect a lightning price growth. Similarly, a notable price fall might not be imminent. So, this could help create a balance to avoid massive market capitulation.

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CryptoAmb /  🏆 22. in JP

You mean the global market cap!?!?!

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Trading of Bitcoin Miner Argo Blockchain’s stocks suspended in UK and U.S.Argo had previously sold 3,843 Antminer S19J Pros for $5.6m in an attempt to secure short-term liquidity. In October, it announced a number of strategic actions due to financial constraints. Trading in stocks of London-based crypto mining firm Argo Blockchain (ARBK) was suspended on 9 December (yesterday) in the United Kingdom and the United States. […]
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