Greed

Cryptocurrency

Cardano

Bitcoin

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 <p class="paragraph">A short bull run marked the last 30 days in the cryptocurrency market, with Bitcoin (BTC) leading the way for multiple cryptocurrencies. Greed started dominating investors’ sentiments as most digital assets registered massive capital inflows in a month.</p>
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 <p class="paragraph">Notably, the leading index by <em>TradingView</em> (CRYPTOCAP: TOTAL) surged 35%, adding $365 billion in 30 days. By press time, a $1.024 trillion total crypto market cap quickly became $1.392 trillion from October 12 to November 11.</p>
 <figure class="wp-block-image size-large"><img decoding="async" loading="lazy" width="1024" height="661" src="https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp" alt="CRYPTOCAP: TOTAL - Total cryptocurrency market capitalization" class="wp-image-136952" srcset="https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp 1024w, https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp 300w, https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp 768w, https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp 1536w, https://cdn.thebittimes.com/images/2023/11/11/8fe1a2f9cd399812eb2f72fbcc1ab80d.webp 1875w" sizes="(max-width: 1024px) 100vw, 1024px">
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   CRYPTOCAP: TOTAL – Total cryptocurrency market capitalization. Source: <em>TradingView</em>
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 <h2 class="wp-block-heading" id="h-the-bearish-short-term-case-for-cryptocurrencies">The bearish short-term case for cryptocurrencies</h2>
 <p class="paragraph">However, the Relative Strength Index (RSI) is overbought at 88.29 points in the daily chart. This state has lasted since October 22, when RSI crossed 70 points. In the meantime, total capitalization has distanced itself by $155 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> from the 30-day exponential moving average (EMA).</p>
 <p class="paragraph">Essentially, these indicators suggest <a rel="noopener noreferrer nofollow" title="crypto" href="https://thebittimes.com/tag/crypto.html">crypto</a>currency trading could expect a natural retracement at any moment from this point. In this case, traders must look for important support zones in the <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap index. If these support zones hold, the now-claimed bull <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> can continue healthy.</p>
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 <p class="paragraph">On the other hand, a break out from capitalization supports would threaten a bearish trend reversal.</p>
 <h2 class="wp-block-heading" id="h-the-bullish-short-term-case-for-the-crypto-total-market-cap">The bullish short-term case for the crypto total market cap</h2>
 <p class="paragraph">Interestingly, there is an appealing psychological resistance at the $1.50 trillion total market cap for the indexed cryptocurrencies. This could act as a magnet for the current movement’s continuation.</p>
 <p class="paragraph">Moreover, <em>Crypto Tony</em>, a cryptocurrency analyst on X, is rooting for altcoins to close above the current resistance zone. The crypto market cap, excluding Bitcoin and Ethereum (ETH), registers a $405 billion capitalization by press time.</p>
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    <p lang="en" dir="ltr">#TOTAL3 / #Altcoin Market Cap – Update <br><br>Weekly closure above $408 <a rel="noopener noreferrer nofollow" title="billion" href="https://thebittimes.com/tag/billion.html">billion</a> Market Cap please. Super important weekly closure for the bulls pic.twitter.com/lgGLGdT6dp</p>— Crypto Tony (@CryptoTony__) November 11, 2023
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 <p class="paragraph">Crossing this line in the weekly would also favor a bullish bias for the global <a rel="noopener noreferrer nofollow" title="market" href="https://thebittimes.com/tag/market.html">market</a> cap. Nevertheless, a rejection would strengthen this resistance, favoring the previous bearish case.</p>
 <p class="paragraph"><strong><em>Disclaimer:</em></strong><em> The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.</em></p>
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<p>Source: <a rel="noopener noreferrer nofollow" target="_blank" href="https://thebittimes.com/365-billion-inflows-crypto-market-cap-in-a-month-but-what-s-next-tbt69964.html">https://thebittimes.com/365-billion-inflows-crypto-market-cap-in-a-month-but-what-s-next-tbt69964.html</a></p>

$365 billion inflows crypto market cap in a month, but what’s next?

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