Total crypto market cap takes a hit amid Silvergate Bank crisis
Cointelegraph
Published Mar 03, 2023 01:01PM ET
Updated Mar 05, 2023 02:40PM ET
Cryptocurrency markets experienced a relatively calm month in February as the total market capitalization gained 4% in the period. However, the fear of regulatory pressure appears to be having an impact on volatility in March.
Bulls will undoubtedly miss the technical pattern that has been guiding the total crypto market capitalization upward for the past 48 days. Unfortunately, not all trends last forever, and the 6.3% price correction on March 2 was enough to break below the ascending channel support level.
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Written By: Cointelegraph
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