Quick cryptometrics update.


Total crypto market capitalization increased from $2.5 trillion to $2.9 trillion šŸ“ˆ.

Bitcoin's dominance is declining, but the trend is holding at 65-70% 🟠; a breakout of the uptrend is needed for a reversal.

Efirium is testing downtrend, in sideways āš–ļø; need 8% breakout with consolidation for reversal.

USDT dominance broke uptrend, down to 5% 🟢, which may support cryptoasset price gains; USDT capitalization is $145 billion šŸ’µ,Ā 

total altcoin capitalization rises to $900 billion.

Altcoins (without top 10) formed W-pattern, broke downtrend, but traded sideways 🟪; need consolidation above $250 bln for growth.

Dollar Index is recovering, expected sideways around 100 in next 1-2 months šŸ’¹