Price Analysis

Total Market Cap Arches Over $200 Billion As Calendar Turns a New Leaf

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The crypto industry never has a dull day. Either one of the altcoins is faring well or Bitcoin pumps/plunges. Even the total market cap is subjected to the ups and downs. As per Coinmarketcap & Coingecko data, the total market capitalization has crossed the $200 billion barriers the first weekend of 2020.  

Market Cap Arches
Coinmarketcap

Over the weekend, the total market cap was at $201.4B, with 24H volumes averaging at $70.3B. As of writing, the exact market cap amounts to $202,427,172,833 USD; most of it coming from the Bitcoin. Further, excluding BTC, the market cap amounts to $64,670,971,294 USD. This makes the Bitcoin market cap 31% of the total market cap. 

However, this market cap is not All-Time-High. In Jan 2018, the market had surpassed its own records and reached $775 Billion USD. It gradually decreased since then. 

Bitcoin & Altcoin Dominance

Bitcoin & Altcoin Dominance
CoinGecko Chart

Bitcoin, the ancient crypto, is all the more dominant as the whole market gains 1.6%. BTC is up by 1.34% while ETH is up by 3% in the last 24hrs. 

It will be interesting to see the market cap changes as the market gets affected by external forces. Stay connected with us on Facebook & Twitter for more updates. 

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Disclaimer : The opinion expressed here is not investment advice – it is provided for informational purposes only. It does not necessarily reflect the opinion of Coinpedia. Every investment and trading involves risk, so you should always perform your own research prior to making decisions. We do not recommend investing money you cannot afford to lose.

Qadir AK

Qadir Ak is the founder of Coinpedia. He has over a decade of experience writing about technology and has been covering the blockchain and cryptocurrency space since 2010. He has also interviewed a few prominent experts within the cryptocurrency space.

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