Total Cryptocurrency Market Capitalization Surpassed $600 Billion

12/18/2017 - 22:24 UTC
Total Cryptocurrency Market Capitalization Surpassed $600 Billion

December 18 was the first day in history where cryptocurrencies surpassed the $600 Billion mark. More than half of it was Bitcoin alone.

At the time of writing, the total cryptocurrency market capitalization has reached a whooping  $609 Billion increased almost three-fold from 232 Billion on November.

December 18: Total Crypto Market Cap

Bitcoin remains the king of cryptocurrencies as it commands the 51.8% of market cap. From $130 Billion on November 21 it is now above $315 Billion.

Bitcoin market cap 1m

Nevertheless, Bitcoin’s share has been decreased significantly since the beginning of 2017 when it was above 80%.

The chart below shows the rise of altcoins in the second half of 2017, especially Ethereum, Ripple and lately Bitcoin Cash.

Bitcoin's dominance on cryptocurrency market cap continues


Images: Coinmarketcap


Disclaimer: This article should not be taken as, and is not intended to provide, investment advice on Bitcoin, Cryptocurrencies or finance in general.