Q1 2020: the Сryptocurrency Market Feels Better than the Stock Market
Bitnewstoday sums up the performance of the cryptocurrency market in Q1 2020. We summed up the information about how the market feels during the pandemic of the coronavirus and quarantine.
The maximum value for this year — more than $307 billion —the crypto market cap reached in February. The minimum was recorded during a rapid fall on March 13 — 131.8 billion dollars.
Fig. 1 Dynamics of cryptocurrency market capitalization in the Q1 2020
The total value of all altcoins also decreased by 5%, from $63.4 billion to $ 60.4 billion.
How the market share of key cryptocurrencies has changed
Bitcoin lost 3.5 percentage points in the first quarter - its share decreased from 68.3% to 64.8%. Ethereum, in contrast, managed to increase its market share by 0.77 percentage points.
Table 1. Change in market shares of key cryptos
How Bitcoin Value Has Changed
Fig. 3 Bitcoin value and capitalization dynamics
In the first quarter, bitcoin fell by 10% from $7,184 to $ 6,451, the capitalization of the key cryptocurrency decreased by 11.5%.
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