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

20 May Cryptocurrency Total Market Cap Jumped 80% After COVID-19 Crash| APN News

Posted at 15:47h in Cryptocurrency News by

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

Published on May 20, 2020

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,…

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