The attached overview from Coin360 illustrates the development of the crypto market over the past 7 days. According to coinmarketcap.com, the total crypto market cap is currently $1.046 billion and now numbers 22,357 coins.
Bitcoin’s market dominance has increased slightly and currently stands at 41.5%, while its market cap currently stands at $443 billion. However, the market dominance of Ethereum (ETH) has surprisingly declined slightly to 19%, while the No. 2 coin’s market cap now stands at $195 billion.
Crypto market challenges $1,000 billion mark
The positive trend on the crypto market cap continued over the past week, reaching the $1,000 billion mark. Bitcoin also continued its upward trend to $23,000.
Total crypto market capitalization is currently challenging the $1,000 billion mark, which is the level we last saw in early November.
The value of Alternative.me’s Fear & Greed Index has also picked up in line with the crypto market. The counter is at the number 54 in the ‘Neutral’ zone which has not been touched for quite some time.
The question is whether the positive sentiment can be sustained. For now, it looks positive. From the equity market and from the inflation front there is also more calm in the tent and that translates into a more risk-on stance among investors. They are gaining more confidence in the stock market and also dare to take more risk in the crypto market.
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