- Michael Pizzino tweeted that the crypto market has been down for 3 weeks and posted a negative 9.8% return.
- The total crypto market cap is valued at $1.13 trillion after witnessing a 1.90% decrease over the last day.
- Crypto’s total market capitalization might be at risk as a head and shoulders pattern was formed.
Sharing his observations, Michael Pizzino, a well-known crypto analyst, tweeted that the crypto market has been down for 3 weeks and posted a negative 9.8% return. He further mentioned that the stock market continues to climb, despite crypto’s fall. Moreover, the crypto analyst questioned whether this downfall faced by the market could be a “short-term deviation.”
The crypto analyst further expressed, “I’m macro-bullish on Crypto (& most assets), but the path forward isn’t always clear or straight. Crypto’s transition is much more stagnated than the stock market, but some interesting similarities exist.” Apart from Pizzino, many members of the community believe that the crypto market is observing a downtrend, however, it may also experience a surge over time.
#Crypto has been down for 3 weeks & posting a -9.8% return while the stock m…The post Crypto Market Down For 3 Weeks, Is it a Short-term Deviation? appeared first on Coin Edition.
The post Crypto Market Down For 3 Weeks, Is it a Short-term Deviation? appeared first on Coin Edition.