2 metrics signal the $1T crypto market cap support likely won’t hold
Cointelegraph
Published Oct 31, 2022 03:15PM ET
Updated Nov 01, 2022 05:20PM ET
Cryptocurrencies broke the $1 trillion market capitalization resistance on Oct. 26, which had been holding strong for the previous 41 days. Despite Bitcoin’s (BTC) modest 5.5% weekly gains, the aggregate value of 20,000 listed tokens increased by 8.5% between Oct. 24 and 31.
The cryptocurrency market was positively impacted by a 6.3% weekly rally in the Russell 2000 mid-capitalization stock market index. Some encouraging news accompanied the positive tailwinds from traditional markets.
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Written By: Cointelegraph
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