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  • Writer's pictureCharles David

Bitcoin makes up more than half the total cryptocurrency market



Back in June, the combined market capitalization of all cryptocurrencies hit a notable milestone when it surpassed $100 billion. Now, bitcoin alone is worth more than twice that. The entire cryptocurrency market has a capitalization of $372.9 billion, according to CoinMarketCap, and while the lion’s share of that is bitcoin, there are plenty of digital currencies beyond that with considerable valuations. There are four digital currencies with a market cap greater than $10 billion, and 17 with a value greater than $1 billion. Nearly 90 digital currencies are valued at more than $100 million.

However, the swelling of the universe this year is largely attributed to bitcoin BTCUSD, +7.89% which has gone from trading under $1,000 at the end of 2016 to nearly $13,000 today. That has given the world’s largest digital currency a market cap of about $219.6 billion 


Source - MarketWatch

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