CryptoCalibur: Cryptocurrency Industry Review: Insights From Q1 2020
After getting off to a positive start, the market was unable to withstand the negative effects of the Covid-19 pandemic which hit all financial markets hard during the middle of March. The total market cap sat at around $191B on January 01, 2020, and peaked at around $308B on February 14. However, the market struggled to recover after plummeting to around $125B on March 12, and the quarter ended with the total cap fluctuating around $181B on March 31 which represented a loss of 5.2%.
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