Crypto market capitalization lost $120 billion in summer
At the beginning of June, total capitalization of the industry was over $331 billion. Right after that the majority of digital money hit its minimum price rate this year.
In the middle of August, market cap is floating between $210-$220 billion. Just early June it was over $331 billion and it lost 36% in only 11 weeks. Right now it hit the same number it was last November.
In Summer, Bitcoin has lost $1000 and reached $6500 while other cryptocurrencies lost even more than that. As a result, the market share of the leading cryptocurrency currently is over 53%.
Ethereum has dropped in price significantly. It lost half of its price — from $578 to $276. The historical high price was reported in January when Ethereum cost over $1400.
At the same time Ripple cost was $3,76 while right now it’s only $0,32. Only in summer, it has lost half of its price since it cost $0,6 at the beginning of June.
/Source: ICO Brothers/
Aug. 30, 2018