Hesitation is surrounding the scene on the market. A side-way or range trend is dominant, and the currencies are moving slowly.
The buyer is not sure and defers to trade for a better time as the feeling is that the prices may move down more.
The seller has qualms that the price may move up and could miss a profit, then the seller is watching out and in doubt to sell to avoid more loses or wait for a potential profit.
The market cap is not moving much and ranging on 104B, this range reflects the above situation between buyers and sellers.