Crypto market cap falls to 8-month low, analysts see more pain ahead
The total crypto market cap fell to $2.93 trillion, its lowest since April, erasing yearly gains as analysts anticipated further declines.
BTC
ETH
USDT
XRP
USDC
SOL
TRX
FIGR_HELOC
DOGE
HYPE
USDS
ZEC
LEO
ADA
BTC
ETH
USDT
XRP
USDC
SOL
TRX
FIGR_HELOC
DOGE
HYPE
USDS
ZEC
LEO
ADA
BTC
ETH
USDT
XRP
USDC
SOL
TRX
FIGR_HELOC
DOGE
HYPE
USDS
ZEC
LEO
ADA
BTC
ETH
USDT
XRP
USDC
SOL
TRX
FIGR_HELOC
DOGE
HYPE
USDS
ZEC
LEO
ADA
The head of digital assets and tokenization at one of Germany's largest asset managers said that USDT and USDC are not stablecoins, from his perspective.
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The total crypto market cap fell to $2.93 trillion, its lowest since April, erasing yearly gains as analysts anticipated further declines.
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XRP looked increasingly bearish below $2, with multiple indicators suggesting that a downward move toward $1 was possible in the coming weeks.
XRP's price chart paints a bearish picture, but a softer-than-expected U.S. inflation could spark a rebound.
Traders are positioning for downside risks, with a significant build-up of put options indicating expectations of a dip below $85,000.