Is the cryptocurrency market about to break its 10-week losing streak? By Cointelegraph



The cryptocurrency total market capitalization fell to $1.02 trillion on June 15, its lowest level in three months. But while the derivatives market’s resilience and end-of-week price gains amid uncertainty in stablecoins’ reserves provides hope for bulls, it might be too soon to celebrate.

The past few week have seen a bearish trend fueled by regulatory uncertainty. Last week, (BTC) and BNB saw 2.5% gains, but dropped 5.2%, and Ether (ETH) traded down 0.7%.

Total crypto market cap in USD, 1-day. Source: TradingView
Perpetual futures accumulated 7-day funding rate on June 17. Source: Coinglass
(USDT) peer-to-peer vs. . Source: OKX