The total cryptocurrency market capitalization is sitting under $300 billion as the digital assets continue to get crushed leading Bitcoin and Altcoins lower. Bearish red volume is creeping up signalling a significant increase in selling confirming the strong bear trend present since December.
From a technical standpoint Bitcoin looks weak, breaking critical support levels sending price headed towards the next major support around $6000. Fundamentals are improving with progress stretching from ETF launches to regulatory progress, with the market still remaining bearish.
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