It’s been an interesting week. While most of the cryptocurrencies are trading well in the green, the entirety of these gains happened after New Year’s Eve. In fact, the total market capitalization current sits at around $3.57 trillion, which is up by around $110 billion compared to the same time last week. And what is more, the majority of this comes from positive developments in the altcoins space.
Once the new year arrived, the buyers stepped into the market and started pushing forward. BTC recovered to where it was trading before the Christmas shennanigans, which, for its part, propelled the entire market into positive territory.
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