The total market crypto valuation stands just shy of the coveted $1 trillion because Bitcoin faces a setback of 14%.
The cryptocurrency continues to rumble up and down as major virtual currencies do not support elevation.
In the last few weeks, the crypto market lost billions of dollars in its capitalization. Bitcoin saw the biggest wiping off by setting at $21,277.70.
New hope arises after seeing total crypto assets hit close to $1 trillion.
Source: Trading View
Bitcoin Charting Below $22,000
Volatility in the market cap of Bitcoin no one can underestimate. It pulled back to $21,277.70 and lost this mark per day rate of-0.56%.
BTC is the most significant contributor to the crypto market cap as its percentage is approximately 40%.
However, Bitcoin performs much better than other altcoins amid a shaky environment.
But the past week was full of the volatility of 14%, causing huge back pain for the bullish.
Ethereum Touching $1.6k, Altcoins Show The Downward Trends
Source: Quantity Crypto
As aforesaid, Bitcoin is a better performer than other major altcoins shown in the table.
In 24 hours, Ethereum dented to a hearty touch of $1,571.96 and lowered in price by -3.05%.
SOL, DOGE, NEAR, LINK, and ETC worsen the situation by disclosing a tremendous falling chart of over 3% daily.
UNI crossed the limit of all by the fall mark of -4.37% in 24 hours.
A sigh of relief comes when XMR and EOS are exposed to trendy flowing rates of 0.98% and 4.65%.
EOS is the outstanding player for about 13.4% of the week.
Bearish Confidence Is At Its Height.
Source: Quantify Crypto
From the statistics mentioned in the chart, Bitcoin, Solana, Cardano, Dogecoin, Polkadot, and XRP are under the graph of “Very Bearish”, which is a dangerous insight.
Nevertheless, Ethereum is performing slightly well by raising investors’ confidence, which is “Slightly Bearish”.
BNB is the appealing score by crossing the margin of “Neutral”, indicating the Bulls are ready to invest their money in it.