Is the cryptocurrency market about to break its 10-week losing streak? By Cointelegraph
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The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides hope for bulls, it might be too soon to celebrate.
The past few week have seen a bearish trend fueled by regulatory uncertainty. Last week, (BTC) and BNB saw 2.5% gains, but dropped 5.2%, and Ether (ETH) traded down 0.7%.
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The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides hope for bulls, it might be too soon to celebrate.
The past few week have seen a bearish trend fueled by regulatory uncertainty. Last week, (BTC) and BNB saw 2.5% gains, but dropped 5.2%, and Ether (ETH) traded down 0.7%.
Continue Reading on Coin Telegraph
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