-1.22%
Cryptocurrency markets have been trading within an unusually tight 5% range since March 17 as conflicting forces continue to pressure the sector. Consequently, in the past 7 days, the total market capitalization gained 3.8%, which was driven mainly by Bitcoin‘s (BTC) 3.6% price increase and Ether’s (ETH) 5% gain.
Total crypto market cap in USD, 12-hour. Source: TradingView
On March 27, the Commodity Futures Trading Commission sued Binance and Changpeng “CZ” Zhao for allegedly violating trading and derivatives rules, heightening regulatory uncertainty. According to the lawsuit, Binance provided access to leverage for customers trading on the spot and futures markets.
Perpetual futures accumulated 7-day funding rate on April 3. Source: CoinglassBTC options volume put-to-call ratio. Source: Laevitas.ch
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