The post Crypto Markets Remain Under Bearish Influence, While the Market Cap Displays Strength-What’s Next? appeared first on Coinpedia Fintech News
The bears have held a strong grip on the market for over 8 weeks now as the prices of the majority of the cryptos trade within lower consolidation levels. Being a little diverse, the descending move was not completely triggered by the star crypto, Bitcoin. The regulatory crackdown shook the entire crypto space in the past few days, compelling the BTC price to drop close to $25,300.
Besides, altcoins like Polygon, Solana, and Cardano, witnessed a massive drop as they were delisted from a US-based exchange, and the impact of this was witnessed over the other altcoins as well. The downtrend that began in mid of April continues to prevail, testing the lower support multiple times. Therefore, the bulls may now require extra efforts to break the upswing,
Despite multiple reasons to be bearish on the crypto markets in the coming days, a cou
We współpracy z: https://coinpedia.org/price-analysis/crypto-markets-remain-under-bearish-influence-while-the-market-cap-displays-strength-whats-next/
