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Total crypto market cap drops by 6.7%, but futures data finds a silver lining
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Looking at the past 7-days of winners and losers might give one the impression that cryptocurrency markets are net positive. Still, total market capitalization actually fell by 6.7% to $2.72 trillion as Bitcoin's (BTC) price retraced 8.3% to $58,425.
The only connection between this week's top gainers seems to be the Metaverse and gaming sector, which has been on a bull run since Facebook rebranded to Meta on Oct. 28, signaling its new focus on that segment. Further bullish news backing the
Read more on cointelegraph.comAbout this in other media
Securities regulator SEBI to oversee India’s crypto market, report reveals ambcrypto.com /2 years ago
The bigger picture: What does El Salvador’s Bitcoin city mean for the global crypto market? economictimes.indiatimes.com /2 years ago
Key data points suggest the crypto market’s short-term correction is over cointelegraph.com /2 years ago
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