Matrixport released today's chart saying that as the total market capitalization fell from $2.70 trillion to $2.30 trillion, the daily trading volume of cryptocurrencies also fell from $180 billion to $50 billion.
There is a saying in traditional finance, "Don't short a down market", because a little momentum can push prices up. This may also apply to crypto markets, as during the summer downturn, the market could experience an explosive rally due to multiple possible stimuli (e.g. Federal Reserve interest rate cuts, US Presidential Elections, etc.).
Matrixport: Never short a depressed market, multiple factors could stimulate an explosive rally in the crypto market
2024-07-03 07:29:39
Matrixport release today chart market total market capitalization 2.7desk3cryptocurrencydesktopCrypto News
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