Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash

The last few months have witnessed sharp price falls and
massive selloffs in the cryptocurrency market, following the
deepest economic plunge in decades and the coronavirus
uncertainty.

In the second week of March, the
cryptocurrency industry lost $145bn in market cap, falling
from $264bn on March 7th to $145bn on March 13th. However,
most major cryptocurrencies started showing early signs of
recovery after Black Thursday and the COVID-19
crash.

According to data gathered by InsideBitcoins,
the combined cryptocurrency market cap jumped almost 80%
after a plunge in March, reaching over $259bn value at the
end of the last week.

Daily Trading Volume Peaked at
$240.4bn in April

In January 2020, the combined
cryptocurrency market cap amounted to $191.7bn, with a daily
trading volume of $67.1bn, revealed Statista and
CoinMarketCap data. By the middle of February, these…