Under $ 200 billion: the scrambled market falls to 2018 minimum

Falling prices have returned the total market capitalization of all cryptocurrencies under $ 200 billion.

CoinMarketCap data shows that total capitalization has fallen to $ 189 billion on Tuesday, a move that follows the days following a market decline. The market capitalization rose by $ 200 billion in November 2017, a development stimulated by the quotation of bitcoin futures products.

Leading the downward push is the zilliqa, which has seen the value of its cryptocurrency ZIL go down by 35% in the last 24 hours.

The decline is accompanied by continued growth in the so-called bitcoin dominance rate, or by the percentage of total capitalization that is provided by the world's largest cryptocurrency.

As CoinDesk reported on August 11th, the dominance rate rose more than 50 percent for the first time in 2018. At the time of printing, this figure is reported as 54 percent, the highest annual total. .

Image via Shutterstock

Join over 10,000 traders who come to us to be their eyes on the rankings, providing everything that is hot and not in the encrypted markets.


The leader in blockchain news, CoinDesk is a point of reference that seeks the highest journalistic standards and adheres to a strict set of editorial policies. CoinDesk is an independent operating subsidiary of the Digital Currency Group, which invests in criptovalute and blockchain startups.

Source link