Price Analysis

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

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.  

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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

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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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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