Despite facing one of the biggest corrections in its history, the cryptocurrency market cap grew by almost 13% in the fourth quarter of 2021. For the whole year, the market capitalization of digital currencies jumped by approximately 185%.
Overall, the market cap of crypto assets is nearly equal to the GDP of India. According to a recent crypto market overview report published by digital exchange EXMO, trading volumes across the market climbed by 13% during Q4 of 2021. In addition, cryptocurrency volatility increased slightly during the latest three months.
In comparison with large public companies, the crypto market cap currently stands at the number 3 spot, just behind Apple and Microsoft. In Q4 of 2021, BTC’s market dominance decreased by 3% to 40%. ETH saw a jump in its market dominance as the number reached 20.1%, compared to 18.5% in Q3 of 2021.
“At the end of the fourth quarter, the cryptocurrency market cap was just 5.4% of the S&P’s 500 total market cap. When it comes to gold, the crypto market cap equaled 19% of gold’s market cap, which is 2% higher compared to the previous quarter. The crypto market significantly surpassed the silver market by 67% in terms of market cap – an 8% increase compared with the third quarter,” EXMO noted.
Shiba Inu (SHIB)
Furthermore, EXMO’s report highlighted the performance of leading cryptocurrencies in the recent quarter. SHIB generated the highest return on investment (ROI) during the latest quarter, an astonishing return of 368%. Among the top 5 digital currencies, Ethereum remained the best performing digital asset with gains of 21% in Q4.
"Almost a third of all BTC trades (30.3%) were carried out at a price between $61,000 and $64,000, which is a relatively small price range. At the same time, bitcoin's price remained above $61,000 for about half a quarter,” EXMO added in the report.
