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The total market cap of cryptocurrencies is down 13.4% in the last 7 days. It seems to remain bearish this week as well, with no signs of a trend reversal.

In the last 7 days, the total market capitalization of cryptocurrencies has increased from $2.012 trillion to $2.232 trillion, an increase of about 11%.

Bitcoin, the original cryptoasset, fails to challenge the $50k mark once again. While Bitcoin (BTC) is still struggling below $49,000, Solana (SOL) has overtaken Polkadot (DOT) and USD Coin (USDC) in the last 24 hours to become the world's number 8 cryptocurrency by market cap.

More than 60% of the world's Central Banks are now pursuing Central Bank Digital Currencies (CBDCs). Could this possibly challenge the autonomy of the US dollar?

Research has shown that most bitcoiners are so obsessed with the cryptocurrency that they would not give up even if bitcoin value dropped to just below $3,000. Lately, bitcoin has lost more than half of its value, but why are many people willing to lose so much and still not give up?

Decentralized finance is playing an increasingly important role in the crypto world. It is all the less surprising that DeFi projects are gaining ever greater popularity.

There is an opinion that the Chinese ban is actually good for the bitcoin price in the long run. The ongoing crackdown on bitcoin mining and trading could boost bitcoin and other cryptocurrencies in the future.

All of last week was a bearish trading period for almost all popular cryptocurrencies on the market, including Bitcoin (BTC), Ethereum (ETH), Binance Coin (BNB) and others. The total crypto market capitalization fell over 10% in the last 7 days.

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