Market Analysis

Total and Altcoin Market Cap Technical Analysis

Updated: Jul 25, 2024

Published: Jul 28, 2019

The Crypto Total Market Cap failed to break the $295Bn level, losing momentum since the rejection. This week, TOTAL dropped over $42Bn, with capitalisation going from $294Bn to $252Bn.

As of now, bears are still in control. Daily and weekly timeframes remain bearish, with the 4H chart showing a few bulls interested in entering the $242Bn support. If traders start to detect exhaustion of the current trend, then the $242Bn-235Bn liquidity could be a key area to watch.

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At the time of writing, Crypto Total Market Cap, excluding BTC is valued at $82.5 Bn. TOTAL2 declined 9.65%, showing that the Altcoin Market Cap lost capital during the week.

Many Altcoins gained momentum since Jul 17, which caused TOTAL2 to bounce from the $80Bn support. However, these gains quickly vanished by the end of the trading week.