Decline in Crypto Selling Pressure Foretold By Analyst

• MilkybullCrypto predicted that the following week would be noteworthy in the crypto market.
• The trader posted a chart from Dune which showed a decrease in selling pressure in the crypto market.
• In related news, the crypto market leader’s rate is up 0.02% over the last 24 hours.

Twitter user MilkybullCrypto (@MilkybullCrypto) declared yesterday that the upcoming week would be noteworthy for the crypto market. The post was accompanied by a chart from Dune depicting a downtrend in selling pressure in the crypto market.

Selling pressure in the crypto market (Source: Twitter)

CoinMarketCap states that the 24-hour volume in the crypto market stands at $31.26 billion, which is a 42.53% decrease from the daily trading volume. Defi is estimated to account for $3.02 billion of the total volume, which is about 9.67% of the whole.

Stablecoin trading volume makes up the majority of the market’s daily trading volume. The total stablecoin trading volume in the last 24 hours is $27.96 billion and accounts for 89.44% of the market’s daily volume.

In related news, the price of Bitcoin (BTC) has gone up 0.02% over the last 24 hours. This 24-hour gain has added to BTC’s already-positive weekly performance – taking the total gain over the last 7 days to +2.23%. At the present time, the crypto market leader’s rate is trading at $27,528.07.

Trading volume for BTC has dropped by around 50.62% in the last 24 hours. This brought down the daily trade volume for BTC to $12,856,864,239. The majority of BTC’s trading volume in the last 24 hours took place on centralized exchanges, with $12,880,690,500 being traded on these centralized platforms.

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