Are crypto prices going up or down?

Crypto prices are tanking across the board. But over the long term, some assets may fall harder than others. As they say, what goes up must come down. And cryptocurrency is no exception -- with its total market cap cratering roughly 56% to $980 billion year to date. That said, not all coins are the same.

What is the historical market cap of cryptocurrencies?

A broader overview can be gleaned from the historical market cap of cryptocurrencies, which at $347 billion is only marginally higher than Bitcoin’s own at the height of its price rally. Head to CoinMarketCap’s dedicated history pages to discover more about the history of cryptocurrency in figures as the market’s composition continues ...

What has happened to crypto?

As described above, much of what has happened in the past two weeks has been triggered by fundamental factors such as the collapse of the FTX. With Crypto.com being significantly correlated with most of the major coins, such an event, which sent most projects in a nosedive, also dragged down its prices.

What are the benefits of dollar cost averaging in crypto?

As you can see, there are a number of benefits to dollar cost averaging in crypto: You remove the pressure of having to time the market perfectly. Instead, you have a certain sum that will be invested each week/fortnight/month and you trust that if you invest in projects with strong fundamentals, those investments will increase over time.