The cryptocurrency market has maintained a slight upward trend in the last three months, with the $ 1.75 trillion support tested on April 27 as the Bitcoin (BTC) price hit $ 38,000 on April 27 and the Ether (ETH) price reached $ 2,800.
Cryptocurrency market value, billion dollars. Source: TradingView
The total market capitalization of the cryptocurrency has declined 3.5% in the last seven days. At the same time, the major losers were 18.8% lower than Ripple (XRP), 10.2% lower than Cardano (ADA) and 9.7% lower than Polkadot (DOT).
A broader analysis of gold coins provides a more balanced picture, which includes 25% of the profits of some gaming and metro projects over the same period.
Winners and losers of the week for the first 80 coins. Source: Candidates
Apecoin (APE) gained 44% due to other subway auctions scheduled for April 30th. for the project.
The US-based STEPN (GMT) local markup of the mobile lifestyle software has risen 28% since Coinbase, the US-based cryptocurrency exchange, planned to release the list.
Nexo has risen to 15% since Binance announced the launch of its crypto and derivative products on April 29th.
The price of Zilliqa (ZIL) is adjusted after the 380% mark pump at the end of March, following the announcement of the project’s March 25 Nvidia technology meta-service.
Meanwhile, data from DappRadar show that Axie Infinity (AXS), a revenue streaming game, has fallen to its lowest level in the last 30 days after a 15% drop in subscribers and transactions.
Tether insurance premiums show that buyers are not in need
OKX Tether (USDT) insurance rates measure retail sales demand in China and measures the difference between the Chinese peer trade and the U.S. dollar.
Excessive buying demand puts the index at 100% above fair value. On the other hand, Tether’s market supply is flooded in the downtrend, causing a 4% or higher discount.
Tether (USDT) with peers USD / CNY. Source: OKX
On April 28, OKX Tether reached a 2% high, reaching its highest level in 2022. Currently, Tether’s insurance premium is 0%, which reflects the neutral sentiment of retailers.
Different moods will appear in future markets
Permanent contracts are also called reverse exchanges, and the plug-in rate is usually taken every eight hours. The exchange uses this fee to avoid risk imbalances.
The positive investment ratio means that long (buyers) require more leverage. However, when short pants (sellers) demand extra leverage, the opposite happens when the investment rate goes down.
7-day fixed-term fixed-rate capital accumulated on April 29th. Source: Coinglass
As noted above, the seven-day fundraising rate is a bit positive for Bitcoin and Ether. The data shows that the demand for long-term (buyers) is slightly higher, but there is nothing to force traders to close their positions. Terra (LUNA), for example, has a positive weekly rate of 0.15% per month, which is 0.6% per month, which should not be a concern for most regular traders.
In Asia, Tether’s lack of insurance premiums and flat-rate contract fees are indicative of a shortage of retailers’ needs as the total market capitalization of the cryptocurrency seeks to maintain its $ 1.75 trillion support.
The views and opinions expressed herein are those of the author and do not necessarily reflect the views of the Cointelegraph. Every investment and trading activity involves risk. You have to do your own research when making decisions.