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2 key metrics point toward further downside for the entire crypto market

Futures data and decreased demand for Tether signal that the crypto market is set for another round of pain.
The total crypto market capitalization has been holding a slightly ascending trend for the past 3 months and the $1.75 trillion support was most recently tested on April 27 as Bitcoin (BTC) bounced at $38,000 and Ether (ETH) at $2,800 on April 27.Total crypto market cap, USD billion. Source: TradingViewThe crypto market’s aggregate capitalization showed a 3.5% decrease in the last 7 days and notable losers were a 18.8% loss from XRP, a 10.2% loss from Cardano (ADA), and 9.7% drop in Polkadot (DOT) price.Analyzing a broader range of altcoins provides a more balanced picture, that includes 25% gains from some gaming and Metaverse projects in the same time period.Weekly winners and losers among the top 80 coins. Source: NomicsApecoin (APE) rallied 44% due to the upcoming Otherside metaverse land auction scheduled for

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