cryptocurrency

The cryptocurrency markets back to its growth after the recent recession.

The overall market capitalization lost 35% of its value in just a day when dropped to $423 billion on the 22nd of December from $652 billion on the 21st of December. The crypto markets restored part of the lost value and is currently claimed to be worth $556 billion. It’s not known yet whether the industry will manage to reach its previous high level or not. The changeable crypto markets marked by both dramatic plunges and rapid growth.

The last seven-day period was marked by the positive dynamics of top-10 cryptocurrencies. NEM and Ripple added over 40%, and Bitcoin Cash appreciated 56% within a single week. However, IOTA, Bitcoin, Litecoin, and Cardano depreciated, BTC lost 24% of its value within the same period of time.

All coins in the above mentioned top-10 list, except Ripple, have shown their positive dynamics within 24 hours, what was pretty promising for the bullish investors. The absolute leader of the list is NEM which appreciated 21%.

Since the beginning of July, the Bitcoin dominance index has declined to its lowest rate 43% (i.e. the share of the Bitcoin market capitalization in the overall cryptocurrency market capitalization).

The second and third positions of the top-10 list are occupied by Etherum and Bitcoin Cash respectively. Bitcoin dominated the crypto marketin February 2017 with more than 86% of the overall market cap and dropped two times since that time. It may be explained by the Altcoins’ growing popularity. Nowadays, there is a tendency among investors to purchase more than one cryptocurrency.