Crypto Market Cap Might Hit a bottom at $500 billion mark

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Popular Analyst  Benjamin Cowen Compares the current crypto market sentiment with the dot-com bubble’s infamous burst.

Looking at the total market cap of all crypto assets, the analyst says the current pullback could continue to drop to about the $760 billion mark.

As per Benjamin, if the crypto market plays out the same way as the dot-com bubble then that next low you would still see another 27% drop from the $760 billion level to the actual bottom.

If this market structure plays out, the total market cap of all cryptocurrencies would finally reach a bottom at around the $500 billion mark.