Crypto Bulls Build Stronger Price Floor Amid Weakening Selling Pressure<\/strong><\/h2>\nAccording to Percival, the large influx into the stablecoin market does not only indicate market uncertainty but can also be interpreted as a positive sign of traders working to establish a stronger price floor as they perceive a diminishing selling pressure.\u00a0 <\/span>Therefore, this trend can be viewed as a defensive strategy as these market participants wait out potential downturns before re-entering the market for future gains.\u00a0<\/span><\/p>\nAt the time of writing, the total crypto market cap is valued at $1.92 trillion with Bitcoin holding a 54% market dominance with market shares valued at $1.15 trillion. The premier cryptocurrency is currently valued at $$53,860 following an 8.55% decline in the past week.
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