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Crypto analysts use it to gauge the health of the cryptocurrency market and to check the rate of capital inflow or outflow per time.
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Data from the cryptocurrency aggregation platform, CoinGecko shows the total crypto market cap reached a yearly high of $1.34 trillion in the middle of April 2023.
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The total crypto market capitalization measures the cumulative value of all circulating cryptocurrencies.
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Bitcoin will reach $180,000 by December 2023 following historical price cycles, TechDev predicts.
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