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 provide hope for bulls, it might be too soon to celebrate.
The past few weeks have seen a bearish trend fueled by regulatory uncertainty. Last week, Bitcoin (BTC) and BNB (BNB) saw 2.5% gains, but XRP (XRP) dropped 5.2%, and Ether (ETH) traded down 0.7%.