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?
I am inclined to believe that the market has become shady, the main volume of trading takes place on the over-the-counter market, therefore real volumes are not taken into account and prices are not rising. Someone very rich accumulates leading cryptocurrencies.