The cryptocurrency market crossed the unwanted mark on Wednesday, as it not only fell to an annual low, but also surpassed the 78% drop in the Nasdaq Composite Index, which was recorded during the so-called dot-coms.
Cryptocurrency market is now worse than the dotcom bubble
Following a new trend this week, cryptocurrency market capitalization is now valued at just $ 186.8 billion, leaving a 78 percent loss from the highest digital currency market capitalization point of $ 835.7 billion that was recorded on January 7. that is, just eight months ago.
We can observe an even more disastrous picture if we remove BTC from the general calculation. In this case, it turns out that the market fell by 85 percent, because at the beginning of January, we repeat, excluding bitcoin, it was 550 billion US dollars, and today the capitalization is estimated at 78.4 billion US dollars. For reference, at the beginning of January, the capitalization of Ripple alone exceeded the $ 140 billion mark.
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