2 metrics signal traders do not expect $2T crypto market cap anytime soon By Cointelegraph



Cryptocurrencies failed to break the 42-day long downtrend after the $1.95-trillion capitalization resistance was rejected on March 20. Even though (BTC) gained a modest 3.7% over the past seven days, altcoins presented a robust rally.

Crypto markets’ aggregate capitalization showed a 6.2% increase to $1.92 trillion between March 14 and 21. Such performance was positively impacted by Ether’s (ETH) 14% gains, (ADA) increasing 13%, and (SOL) gaining 10%.

Total crypto market cap, USD billion. Source: TradingView
Weekly winners and losers among the top 80 coins. Source: Nomics
(USDT) peer-to-peer vs. . Source: OKX
Accumulated perpetual futures funding rate on March 21. Source: Coinglass