Total Crypto Market Cap Excl. BTC Escalation in 2021 Bull Cycle
Updated
I use Total Crypto Market Cap Exclude Bitcoin as one of the most important indicator to optimize my exposure on altcoins. It's a great tool that should always be considered.
Where will it top at the end of this bull cycle is the topical question. But my question is how much this new market will be able to erode the market cap of traditional financial markets.
Where will it top at the end of this bull cycle is the topical question. But my question is how much this new market will be able to erode the market cap of traditional financial markets.
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1T Market Cap was reached violently, topped at 1,117T, in three weeks starting from 577B on March 25th. BUT the RSI is now a bit lower than it was when market cap totaled 800B and it's hitting against a strong resistance.I can't guess where is it going next, but the option of an accumulation area at this level is now reasonable.
February ATH 700B was followed by a month and a half of accumulation...
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