Profit taking and Bitcoin consolidation give bears an opportunity to take control

2022.04.05 04:41

Profit taking and Bitcoin consolidation give bears an opportunity to take control

The total crypto market capitalization reached its highest close in three months on April 3 at $2.23 trillion, but the performance between March 28 and April 4 was a mere 1.9% gain. During this time, Bitcoin (BTC) presented a 2.6% negative performance, although that was more than offset by the gains from altcoins.

While Ether (ETH) and Binance Coin (BNB) gained less than 3% over the past seven days, a handful of mid-capitalization altcoins managed to rally 20% or higher.

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