Short Relief Bounce For Altcoins? If Crypto Marketcap Can Do This

Cryptocurrency market capitalization could be ready to break out from the downtrend as price gears up for a short-term recovery creating more bullish sentiment for the altcoins. Cryptocurrency market capitalization looks strong on both low and high timeframes. Cryptocurrency market capitalization prepares for a breakout on the daily timeframe after forming a descending triangle. The Crypto Marketcap had had a tough time regaining its hype when the crypto market cap was at its peak of over $2.8 trillion, with most crypto assets performing at their best. The crypto market capitalization also called the crypto market cap, takes in market data from a range of cryptocurrencies — including Bitcoin (BTC), Ethereum (ETH), Ripple (XRP), and EOSIO network (EOS) — to provide a fuller, real-time picture of how the crypto asset sector is performing. Related Reading: Dogecoin On Fire, Rallies After Elon Musk-Twitter Deal Confirmation Crypto Market Capitalization Price Analysis On The Weekly Chart The new month has been a relief for most crypto projects, with altcoins such as BTC, ETH, and even XRP, with the market cap, continues to look promising ahead of a major rally. With the market having a rally to an all-time of over $2.9 trillion, this positively impacted the price of altcoins and major assets as the market found itself in a blooming phase with so much euphoria. After hitting over $2.9 trillion market cap, the price declined from tha...