Market selling might ease, but traders are on the sidelines until BTC confirms $20K as support By Cointelegraph

The total crypto market capitalization fell off a cliff between June 10 and 13 as it broke below $1 trillion for the first time since January 2021. (BTC) fell by 28% within a week and Ether (ETH) faced an agonizing 34.5% correction.

Presently, the total crypto capitalization is at $890 million, a 24.5% negative performance since June 10. That certainly raises the question of how the two leading crypto assets managed to underperform the remaining coins. The answer lies in the $154 billion worth of stablecoins distorting the broader market performance.