The altcoin rally extended throughout the wider markets, raising
the total altcoin market cap above $ 400 billion for the first time.
Not exact matches
Since 2009, when Bitcoin became the first decentralized digital currency and numerous
altcoins started to emerge, the
market cap term has also come into common use to describe the
total dollar
market value and available supply of the
total amount of digital currency in circulation.
Cryptocurrencies hastened their decline on Thursday, with the
total market cap falling to its lowest level in over a week as bitcoin and the major
altcoins...
Meanwhile, the bitcoin dominance rate fell from 42.8 to 38.5 percent, indicating a drop in the percent of the
total cryptocurrency
market capitalization contributed by bitcoin and, conversely, growing investor interest in
altcoins.
Many
altcoins achieved slight price bumps as well, enabling the
total cryptocurrency
market cap to rise above the $ 170 billion mark.
Many
altcoins experienced price increases, but their combined progress could not keep the
total cryptocurrency
market cap from dipping below the $ 200 billion mark.
In fact,
altcoins currently account for roughly two - thirds of the
total market.
However, a decrease of over 30 % in
total market cap provides for some true bargain
altcoins.
In the coming weeks, it is expected that other exchanges in the U.S will delist a lot of low liquidity
altcoins which will further reduce the already crashing
total market cap.
The
total coin
market cap has topped $ 600Billion, a combination of Bitcoin,
altcoins including ICO's.
In Q2 2017 we saw an unprecedented
altcoin bull run that brought Bitcoin's dominance down below 40 % of the
total crypto -
market cap.
This is a far cry from what many last week misinterpreted as a
total blanket ban on trading Bitcoin and
altcoins alike — despite South Korea boasting the world's third most active crypto
market.
The
altcoin movement is showing no signs of slowing down, with Bitcoin today slumping to an all - time low 36 % of the
total crypto
market cap (i.e., dominance), according to statistics from CoinMarketCap.