Post
Topic
Board Press
[2017-12-19]Weekly Cryptocurrency and ICO Market Analysis [December 11-17, 2017]
by
patrickUN
on 19/12/2017, 22:04:22 UTC
We give an analysis of the change in demand for cryptocurrency on December 10, 2017 (prior to the commencement of trading in Bitcoin futures on the CBOE (Chicago)).

At 00:00 UTC on December 10, 2017, cryptocurrency capitalization equaled $416.9 billion (see Table 1.1). Over the next four hours market capitalization fell by more than $50 billion, and by 04:00 UTC on December 10, 2017, equaled $363.6 billion (see fig. 1). However, by the start of the day on Monday (December 11, 2017, 00:00 UTC), the market had rebounded to $411 billion, and a significant increase in capitalization growth to $579.5 billion was subsequently seen (December 17, 2017, 00:00 UTC, see Table 1.1, fig. 1).

Over the past week (December 11-17, 2017) market capitalization increased by approximately $160 billion, with Bitcoin, the capitalization of which increased from $253.8 billion to $326.1 billion, accounting for $70 billion of this increase. The growth in altcoin capitalization over the week equaled approximately $90 billion, from $163.1 billion to $253.4 billion

https://www.coinspeaker.com/2017/12/19/weekly-cryptocurrency-ico-market-analysis-december-11-17-2017/