Cryptocurrency

Profit taking and Bitcoin consolidation give bears an opportunity to take control By Cointelegraph


Profit taking and Bitcoin consolidation give bears an opportunity to take control

The full crypto market capitalization reached its highest shut in three months on April 3 at $2.23 trillion, however the efficiency between March 28 and April 4 was a mere 1.9% acquire. Throughout this time, (BTC) offered a 2.6% adverse efficiency, though that was greater than offset by the positive factors from altcoins.

Whole crypto market cap, USD billion. Supply: TradingView

Whereas Ether (ETH) and BNB gained lower than 3% over the previous seven days, a handful of mid-capitalization altcoins managed to rally 20% or greater.

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Weekly winners and losers among the many high 80 cash. Supply: Nomics
(USDT) peer-to-peer vs. . Supply: OKX
Collected perpetual futures funding price on April 4. Supply: Coinglass

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