Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse By Cointelegraph

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Total crypto market-cap hits $850M as Bitcoin and altcoins recover from FTX’s collapse

The total cryptocurrency market capitalization gained 2% in the past seven days, reaching $850 billion. Even with the positive movement and the ascending channel that was initiated on Nov. 20, the overall sentiment remains bearish and year-to-date losses amount to 63.5%.

Total crypto market cap in USD, 4-hour. Source: TradingView

(BTC) price also gained a mere 2% on the week, but investors have little to celebrate as the current $16,800 level represents a 64% drop year-to-date.

Weekly winners and losers among the top 80 coins. Source: Nomics
Perpetual futures accumulated 7-day funding rate on Nov. 30. Source: Coinglass
BTC options open interest put-to-call ratio. Source: Laevitas.ch