Bitcoin price hit an all-time high at $3018 in June. With Bitcoin, altcoins also started to rise, and the market size of cryptocurrencies reached its historical peak with 115 billion dollars.
However, with the ongoing discussions about Bitcoin, price and market share declined considerably.
The uncertainty in the market with the discussions about the activation of SegWit resulted in investors fleeing.
The market shrank by nearly 50 percent
$115 billion , the market size of . its value dropped to $1866.
Ethereum, which was trading at $415 for a period, is now around $150.
After SegWit’s activation It is predicted that the market will return to its old days and experience a rapid growth period.
Cryptocurrencies Are Gaining Value Again With The Recovery Of The Market