As of today, there are 1594 cryptocurrencies available at coinmarketcap and the total market valuation represents $274,954,590,832. At its peak in January the value was close to $800 billion, meaning it lost close to 75% of its total valuation.
Another interesting point to make is that bitcoin, during this peak, lost most of its dominance shifting from a 84% dominance to a merely 36%; it’s now regaining traction as bitcoin market dominance currently sits at 45%.
I know most of you are worried about price and the recent slump in the overall market valuation. Personally speaking, that does not concern me one bit as I believe this price and volume downfall is just temporary.