Crypto Market Cap Nears $1 Trillion Threshold, a Make or Break Moment.
The total crypto market cap has experienced a notable decline in recent days as investors jumped ship amid the increasing regulatory scrutiny faced by the digital asset industry, particularly from the United States Securities and Exchange Commission (SEC). While market experts have been keeping a close eye on this trend, it is important to take a more in-depth look at the factors that are driving these changes.
One key factor that has been noted is the 200-week moving average (MA) and exponential moving average (EMA) levels. These indicators are important for assessing long-term trends and market sentiment. The 200-week MA, for example, is a long-term indicator that smoothes out price fluctuations over a span of approximately four years, providing a clear view of the overall trend. Crossing above or below the 200-week MA can signal a major shift in market direction, influencing investor sentiment and triggering significant buying or selling activity. The global crypto market cap slightly stood at $1.02 trillion, seeing a slight recovery of 0.24% in the past 24 hours.
Source
https://t.me/Crypto_Bitcoin_Blockchain
