Crypto Market faces Regulatory Uncertainty as Total Market Cap hits 3-Month Low

06/18 17:50

June 18 (Huobi) - The total market capitalization of cryptocurrencies fell to $1.02 trillion on June 15, its lowest level in three months. Regulatory uncertainty has fueled a bearish trend in the past few weeks, with XRP dropping 5.2% and Ether trading down 0.7%. Despite this, derivatives metrics show balanced demand for BTC and ETH leverage, indicating that bulls are not yet throwing in the towel. However, any gains above $1.12 trillion in capitalization will likely be short-lived over the next few months, and investors should conduct their own research when making a decision.

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