We are below 800 billion in total market cap! What to expect?
As we are in a worse situation when the FTX has already collapsed which breaks the trust in the sphere bitterly and many other centralized exchanges are struggling to convince their customers. And thus the ongoing crypto winter has become more longer which is not good for the market and there was not a tiny pullback after the recent crash!
As the total market cap is below 800 billion, then we can expect another crash to make the bottle and in my sense, the bottom can be found around the 580-600 billion market cap area. That means the market is going to lose another 200 billion.
In the worst case, the market will not go below the 273 billion market cap!
Let's wait for the next move!
As the total market cap is below 800 billion, then we can expect another crash to make the bottle and in my sense, the bottom can be found around the 580-600 billion market cap area. That means the market is going to lose another 200 billion.
In the worst case, the market will not go below the 273 billion market cap!
Let's wait for the next move!