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Bitcoin lost more than 40% of its value in the space of a few weeks, and the shock wave was instantly felt throughout the cryptocurrency market. Even though today they all record an interesting rebound, the fact remains that the losses incurred by investors over the year are colossal.
Bitcoin accounts for 53% of the total market
Last January, the total capitalization of all cryptocurrencies was still $ 830 billion. While some virtual currencies have lost more than 90% of their value since then, there remains only 137 billion capitalization for electronic currencies.
The subtraction is simple: 792 billion have disappeared since January, an 84% drop in the overall market.
In his misfortune, Bitcoin is not the hardest hit. Its capitalization increased from 330 billion dollars in December 2017 to 73 billion today. The most popular electronic currency of the moment today represents more than 53% of the cryptocurrency market despite a fall of 78% of its value over the last 12 months.
(c) CoinMarketCap
Interest on Google goes back gradually
If Bitcoin and the cryptocurrency market fall very heavily, it seems that the general public is interested again. The trend on Google Trends (a tool that measures the popularity of keywords on the search engine) is clear since October: there is a significant increase in the number of queries on the word "Bitcoin", thus crossing its highest level since last May.
Is today's rebound the beginning of a new upward phase?
(c) Google Trends
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