Crypto market on its last legs as BTC tumbles, but wait, there’s more

  • 📰 FXStreetNews
  • ⏱ Reading Time:
  • 25 sec. here
  • 3 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 72%

Cryptocurrencies News

Technical Analysis

Bitcoin’s (BTC) descent has caused the crypto market to take a beating.

Bitcoin, Ethereum, Dogecoin, Cardano and other altcoins are down more than 5% in the past week. The daily exchange volume has declined from $100 billion to $57 billion in roughly three weeks. Bitcoin’s sell signals are forecasting a steep correction, which could add fuel to the fire. Bitcoin’s descent has caused the crypto market to take a beating. Altcoins’ prices, specifically, are facing the weight of selling pressure and are down by double-digits in the past 24-hours.

Crypto performance This outlook signifies that the bull market sentiment is dying down, or at least taking a break. According to TheBlock’s data, the 7-day average of the daily exchange volume shows that it has dropped nearly 43% from $100 billion on March 10 to $57 billion on Thursday. Crypto daily exchange volume 7-day average Bitcoin signals a descent Bitcoin’s sell signal – as outlined in FXStreet’s previous publications – has been confirmed, which forecasts a potential correction.

 

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

 /  🏆 14. in US

United States United States Latest News, United States United States Headlines

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

Crypto Markets Add $100 Billion Daily as Bitcoin (BTC) Heads Toward $72K (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »

Crypto Markets Add $150B Overnight as BTC, ETH Soar to 10-Day Peaks (Market Watch)Crypto Blog
Source: Crypto_Potato - 🏆 568. / 51 Read more »