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?
The market capitalization has remained down for a long while because the coins prices which is a main factor of the market cap have refused to move up. Take for instance BTC which holds over 55% of the entire market cap fell from $20,000 in December 2017 to $4,000 currently.