In my opinion the Cap dropped a lot because of the asian market. The big EverGrande Default in China, crypto ban always from china and rumors from India too.
As i write from europe i've noticed that the major drop is during the night, when asian market is open, that's why i think they are currently out of this market.
In the past days, after the big drop (4th of december), in the european morning the cap bounced and started to recover, this means that people's from around the world have started to "Buy the Dip".
For me this is a big deal because there is still lot of enthusiasm and i think that when Asian & Indian Market will be back we will finally rocket and breack the 3 trillion ath of the crypto marketcap
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