Why Prices Could Feel Pressure: 3 Altcoins With Rising Exchange Supply

CEX Centralized Crypto Exchange. Photo by BeInCrypto The cryptocurrency market witnessed an explosive rally among many altcoins in the previous month. Massive capital inflows pushed the total altcoin market capitalization (TOTAL2) to a new all-time high above $1.7 trillion. However, within just the first three weeks of October, more than $300 billion in value has been wiped out. As a result, several major altcoins are now facing profit-taking pressure from investors, reflected in their rising supply on ex ...