The highly volatile cryptocurrency has had a great impact on the market cap and surged about 200% so far this year, despite the latest fall. It still remains well below record highs of nearly $20,000 reached in December 2017, however.The comeback was largely due to Facebooks announcement of its own cryptocurrency known as Libra, which it plans to launch in 2020.
You made a good statement at first by saying that the market capitalization received an improvement, but you then missed when you attributed the increase to the announcement of Facebook coin, which is out of it.
There are so many other factors that could have contributed to this, and not because the lunch of a particular centralized coin has been announced.