Taking a look at the cryptocurrency Market Cap is perhaps the best way to get an overview of how the industry is doing. For many investors, it is the first place they look to before trading, as it can be used as a predictive tool which is relevant to all coins and tokens. In the last couple of weeks, the market cap has been seeing healthy growth, the likes of which have not been witnessed for months prior.

Comparing 2018 to 2019

As of May 30, the crypto market cap is at $280,000,000,000 (two hundred and eighty billion). This is the highest it has been at in all of 2019. The last time that the market cap was this high was on July 31, 2018, when it was $284 billion. Additionally, bear in mind that on July 31, the market was dipping significantly. However, now the opposite is happening. $280 billion might seem like a low number compared to a time when it was once $800 billion (back in January 2018), but the fact that the market is now picking up is huge news for all traders and investors.

The increase in the market

The best way to see the rise in the market is to take a look at its percentage increase. From April 30, 2019, to May 30, the market cap has moved from $171 billion to $280 billion; this is a 63.70% increase in just one month. That type of growth has not been seen before in 2019.

Are we in a bull market?

Such steep increases in the market certainly present a view that we could already be in a bull market, but it is much too early to tell. Bull markets are sustained periods of increase, whereas the increase we are currently witnessing is relatively short term. Perhaps if the markets continue in this fashion into June and July then it could be fair to call it one, but as of now, it is not enough. What could be said, however, is that the crypto industry is experiencing a bull run, as these are more short term. Keep in mind that bull runs (and bull markets for that matter) often have corrections which take place a little after they finish. Additionally, we may be heading into a territory which is fraught with bull traps.

If the industry is heading into a bull market, then it is within the interest of most investors to check up on smaller alt-coins, as they can tell a lot about the future of the industry. Bitcoin and Ethereum are good markers for the health of the market as a whole, but for a bull market, you would need alt-coins to increase in price too. The charts of lesser-known and more niche cryptocurrencies (such as ones using more unique or nuanced technologies) should be followed, as they are a sign of good economic health for the crypto-ecosystem.

Note: All information on this page is subject to change. The use of this website constitutes acceptance of our user agreement. Please read our privacy policy and legal disclaimer. Opinions expressed at FXstreet.com are those of the individual authors and do not necessarily represent the opinion of FXstreet.com or its management. Risk Disclosure: Trading foreign exchange on margin carries a high level of risk, and may not be suitable for all investors. The high degree of leverage can work against you as well as for you. Before deciding to invest in foreign exchange you should carefully consider your investment objectives, level of experience, and risk appetite. The possibility exists that you could sustain a loss of some or all of your initial investment and therefore you should not invest money that you cannot afford to lose. You should be aware of all the risks associated with foreign exchange trading, and seek advice from an independent financial advisor if you have any doubts.

Cryptos feed

Latest Crypto News

Latest Crypto News & Analysis

Editors’ Picks

War for dominance hit the bedrock of the market

The cryptocurrency market reaches the end of the week with widespread declines in the crypto market. The week has been dominated by a boiling Altcoin segment that has set very significant rises.

More Bitcoin News

BCH/USD in retreat after gaining 7% in a matter of minutes

Bitcoin Cash (BCH) is still in a red zone on a day-to-day basis; however, the coin recovered strongly from the intraday low of $232.60 and hit $240.00 in a matter of minutes. At the time of writing, BCH/USD is changing hands at $237.00.

More Bitcoin Cash News

ADA/USD extends the decline, $0.1000 at risk

Cardano (ADA) extended the decline and hit $0.1102 on Friday. The coin has lost 20% from the peak of $0.1386 reached on July 8. At the time of writing, ADA/USD is changing hands at $0.1120, down 9% in the recent 24 hours.

More Cardano News

ETH/USD volatility ousted as DeFi skyrockets to $2 billion

Ethereum alongside the largest cryptocurrency, Bitcoin are dealing with a peculiar situation characterized by low trading volume, poor investor interest as well as the lack of catalysts.

More Ethereum News


Bitcoin Weekly Forecast: BTC volatility drops to a year low, get ready for a spiral drive

The week was tough for the cryptocurrency markets confined to tight ranges. Bitcoin has lost 1% of its value during the recent seven days with the trading range limited by $9,298 on the upside and $8,933 on the downside.

Read the weekly forecast