Cryptocurrency market capitalization has reached an annual minimum

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The total market cap of crypto assets on the market currently stands at $ 203.4 billion, which corresponds to values a year ago.

This observation was shared by The Block analyst Larry Zermak.

On the chart you can see that the dynamics of the trading volumes of the top 50 tokens of the Ethereum-standard ERC-20 closely correlate with the market capitalization indicator. The trade activity of the latter has also reached the marks of a year ago.

As it usually happens, the fall of Bitcoin exerts pressure on the entire market:

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