As we lead towards the end of the year, let’s just have a recap.
Though the crypto has grown significantly across all the relevant spaces, during the year, the most significant one is of total market cap. Currently standing above $2,500 billion ($2.5 trillion) , the number has grown approximately by 2,000 billion ($2 trillion) as on Nov 23rd 2020 the market cap was above $500 billion ($0.5 trillion) only. In the meantime, on Nov 9th, the market even crossed the $2,900 billion mark (2.9 trillion).
This huge growth in crypto’s total market cap shows, rather obviously, the unprecedented inflow of investment, this is largely because of Bitcoin’s price action throughout the year.
Down by over 2% in 24-hours the BTC is currently trading above $56,000, the growth of approximately $19,000 as compared to Nov 2020 price level. As at the end of the month BTC had traded below $20,000. At the Same point, as mentioned earlier, crypto’s total market cap was above $500 billion only.
On Jan 8th 2021 the BTC crossed $40,000, followed by $50,000 on Feb 17th before the coin crossed $60,000 on March 13th. At the Same point in time BTC’s crypto’s market cap was above $1,800 billion ($1.8 trillion) and then the coin stumbled severely. On July 20th the Premier cryptocurrency crashed below $30,000, taking market cap to $1,200 billion ($1.2 trillion).
BTC regained the lost price mark of $60,000 on Oct 15th as on Nov 10th the BTC reached its current all time high of $68,789 causing total market cap to surpass $2,900 ($2.9 trillion).
Trading at $56,700, the BTC is down 18% from the all time high.
Moreover, similar trajectory was followed by other crypto coins too as in the meantime many hit all time highs.
With a Solid Support at $0.51, XRP Targets $0.55 Price Level
Threat of a Bearish October Looms as Whales Sell Off 330 Million XRP Tokens
XRP Price Analysis: Will Ripple’s Native Token Reach $7 as Forecasted?
Former Ethereum Advisor Steven Nerayoff to Feature on John E. Deaton’s Podcast
A Complete Overview of Cryptocurrency Cloud Mining Platform – TopHash
Recent Press Release
CGMD Miner’s Low-Cost Coin Mining : Spend Less, Earn More!
As more players enter the cryptocurrency space, mining becomes more complex and requires more computing power. As a result, many...
Will Arbitrum Reach $1? ARB Struggles, SPCT Offers Better Prospects
As the crypto market recovers from Bitcoin’s (BTC) recent crash, Arbitrum (ARB) is enhancing its network capabilities to improve its...
Cardano (ADA) Lags, Analysts Predict VC Spectra (SPCT) Will Outpace it
Cardano’s (ADA) price has suffered despite the launch of Cardano’s Project Catalyst Testnet on August 25. Even when the news...
SUI and Hedera (HBAR) Slump Ahead of Token Unlocks, VC Spectra (SPCT) Gains Users
Token unlocks in crypto are typically bearish signs due to basic supply and demand. Analysts will keenly observe how Sui...
While Polkadot (DOT) Pauses, VC Spectra (SPCT) Offers a 220% Potential Upside!
VC Spectra (SPCT), a rising blockchain for investments and asset management, has grown considerably in its ongoing presale. Meanwhile, Polkadot...