Crypto market’s anatomy and why ‘it’s a total gift to be able to buy the future’ - Aliens: AI Crypto News & Markets Updates
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Crypto market’s anatomy and why ‘it’s a total gift to be able to buy the future’

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AMB Crypto

Sat, Jun 18, 2022

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As per data from CoinMarketCap , on 12 June, the total market cap for the cryptocurrency market stood at $0.598 trillion which then trickled down to $0.501 trillion on 18 June.

Furthermore, the 24-hour trading volume of the cryptocurrency market also stood at $0.35 trillion, at the time of writing.

Ryan took the bear market in a positive stride and he considers the ongoing crypto winter as a blessing in disguise.

We go back down to the basement and we rebuild the foundation stronger and stronger.” Despite Ryan and David being bullish about the crypto market, opinions and views on Twitter remain divided considering the latest drawdown.

In this regard, crypto analyst and investor Miles Deutscher took to Twitter to explain the domino effect that hedge funds like 3AC are facing at the moment.

He also pointed out that the crypto market is yet to witness the worst amid 3AC facing insolvency.

👇 — Miles Deutscher (@milesdeutscher) June 17, 2022 Furthermore, Bitcoin analyst Will Woo compared the current situation of the market with the deleveraging during the COVID-19 pandemic.

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