It is estimated that that the Cryptocurrency market capitalization went down to $200 billion from $800 billion that it was as at January 2018.
I believed it was due to the bearish market .
What I do not understand is while there is continuous growth of Cryptocurrency, people are picking interest and coming into the cryptosphere and yet the market capitalization is still not moving upwards.
What could be the challenge here?
There are many factors affecting the price of the cryptocurrency, that's why it is so volatile.
The market cap was going down because the correction of the last bull run.
But what you say about peoples are picking interest on crypto is true, then the bearish market won't be long.