The total crypto market cap drops under $1.2T, but data show traders are less inclined to sell By Cointelegraph
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The total crypto market cap drops under $1.2T, but data show traders are less inclined to sellThe total crypto market capitalization has been trading in a descending channel for the past 29 days and currently displays support at the $1.17 trillion level. In the past seven days, (BTC) presented a modest 2% drop and Ether (ETH) faced a 5% correction.
The June 10 consumer price index (CPI) report showed an 8.6% year-on-year increase and crypto and stock markets immediately felt the impact. Still, it’s not certain whether the figure will convince the United States Federal Reserve to hesitate in future interest rate hikes.
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The total crypto market cap drops under $1.2T, but data show traders are less inclined to sellThe total crypto market capitalization has been trading in a descending channel for the past 29 days and currently displays support at the $1.17 trillion level. In the past seven days, (BTC) presented a modest 2% drop and Ether (ETH) faced a 5% correction.
The June 10 consumer price index (CPI) report showed an 8.6% year-on-year increase and crypto and stock markets immediately felt the impact. Still, it’s not certain whether the figure will convince the United States Federal Reserve to hesitate in future interest rate hikes.
Continue Reading on Coin Telegraph
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