The total market capitalization of all cryptocurrencies reached a new record of 700 billion dollars. The overall market capitalization was approximately $ 713 billion at the time of publication. The previous record of global market capitalization was $ 654 billion on December 21, 2017.

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Bitcoin Beware

The major growth in global market capitalization has been largely boosted by recent increases in altcoins. The demand for Bitcoin (BTC) Recently decreased Bitcoin dropped to $ 11,833 on December 22. The main cryptocurrency recovered just a day later, but was followed by a week of volatility.

Yesterday , however, the coin gained momentum after San Francisco-based San Francisco-based venture capital firm made substantial investments in major cryptocurrency, pushing prices above $ 15,000

The dominance of Bitcoin among all cryptocurrencies declined at all low times, reaching 34.97% on Tuesday.

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Ripple, in particular, has seen tremendous growth in market capitalization, with cryptocurrency rising to second place behind the dominant Bitcoin.The increase in value is largely explained by the increase in the market share. demand on the South Korean market.