Cryptocurrency market capitalisation refers to the total value of all the cryptocurrencies in circulation. The market capitalization of the cryptocurrency market has been known to experience highs and lows, much like any other financial market. In general, a high market capitalization reflects increased investor confidence and a bullish market sentiment, while a low market capitalization reflects decreased investor confidence and a bearish market sentiment.
In recent years, the cryptocurrency market has experienced unprecedented growth, with market capitalization reaching new all-time highs. For example, in December 2017, the total market capitalization of cryptocurrencies reached an all-time high of over $830 billion. However, the market has also experienced significant corrections, with market capitalization dropping by as much as 85% in the following years. These highs and lows in market capitalization can be attributed to various factors, such as regulatory changes, investor sentiment, and technological advancements in the industry.
