The whole crypto market just lost 6.65 percent of its value in one day. Total market cap is down to 2.34 trillion dollars. 📉
CoinGecko global data checked at 17:00 PKT on 13 November puts total crypto market cap at 2.337 trillion dollars, down 6.65 percent in 24 hours, with Bitcoin dominance at 59.71 percent and Ethereum dominance at 10.25 percent. 📊 FXStreet reports the market cap compressed 8.67 percent to roughly 2.30 trillion dollars during the overnight flush, with Ethereum falling into the 1,925 to 1,980 dollar range, Solana breaking below 80 dollars, and XRP briefly losing its 1.00 dollar anchor. My reading is that dominance rising while everything falls tells you this is a risk off move, not a rotation, because money is leaving crypto altogether, not moving from Bitcoin into altcoins, and altcoins always bleed harder in that kind of move.
Does money rotate back into altcoins first, or does Bitcoin dominance keep climbing toward 62 percent? 🤔
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#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketCrash
CoinGecko global data checked at 17:00 PKT on 13 November puts total crypto market cap at 2.337 trillion dollars, down 6.65 percent in 24 hours, with Bitcoin dominance at 59.71 percent and Ethereum dominance at 10.25 percent. 📊 FXStreet reports the market cap compressed 8.67 percent to roughly 2.30 trillion dollars during the overnight flush, with Ethereum falling into the 1,925 to 1,980 dollar range, Solana breaking below 80 dollars, and XRP briefly losing its 1.00 dollar anchor. My reading is that dominance rising while everything falls tells you this is a risk off move, not a rotation, because money is leaving crypto altogether, not moving from Bitcoin into altcoins, and altcoins always bleed harder in that kind of move.
Does money rotate back into altcoins first, or does Bitcoin dominance keep climbing toward 62 percent? 🤔
Follow for more trades.
#Crypto #Bitcoin #FuturesTrading #TradingSignals #MarketCrash
