Bitcoin, Ethereum, Dogecoin, Cardano and other altcoins are down more than 5% in the past week. The daily exchange volume has declined from $100 billion to $57 billion in roughly three weeks. Bitcoin’s sell signals are forecasting a steep correction, which could add fuel to the fire. Bitcoin’s descent has caused the crypto market to take a beating. Altcoins’ prices, specifically, are facing the weight of selling pressure and are down by double-digits in the past 24-hours.
Crypto performance This outlook signifies that the bull market sentiment is dying down, or at least taking a break. According to TheBlock’s data, the 7-day average of the daily exchange volume shows that it has dropped nearly 43% from $100 billion on March 10 to $57 billion on Thursday. Crypto daily exchange volume 7-day average Bitcoin signals a descent Bitcoin’s sell signal – as outlined in FXStreet’s previous publications – has been confirmed, which forecasts a potential correction.
Source: News Formal (newsformal.com)
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