📉 The total market value of cryptocurrencies loses its local range and tests the $3 trillion level! 💥
After breaking the local range, the $TOTAL index has returned to re-test the pivotal support at $3 trillion – a critical level for the bulls 🐂
⚠️ If broken, we will be below the lowest price range of this year, which reflects a negative outlook for the market as a whole.
🔍 What's interesting?
Despite the market value remaining at this level, Bitcoin is nearly equivalent to $90,000 in relative comparison, revealing:
✅ A clear outperformance of Bitcoin over altcoins
🚨 A general weakness in the alternative market is causing the market to decline despite the strength of BTC!
📊 Will the support hold? Or is the market heading towards a broader correction?
#Bitcoin #CryptoMarket #Altcoins #TotalCap #BTCdominance