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Total crypto market cap takes another hit, but traders remain neutral By Cointelegraph


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The total cryptocurrency market capitalization dropped 8.1% in the past two days after failing to break the $880 billion resistance on Dec. 14.

The rejection did not invalidate the 4-week-long ascending channel, but a weekly close below $825 billion will confirm a shift to the lower band and reduce the support level to $790 billion.

Total crypto market cap in USD, 12-hour. Source: TradingView
Weekly winners and losers among the top 80 coins. Source: Nomics
Perpetual futures accumulated 7-day funding rate on Dec. 16. Source: Coinglass
BTC options volume put-to-call ratio. Source: