Numerous side effects become apparent when all major cryptocurrency markets go through a big drop. Last night’s round of events has caused some major shifts which have gone by unnoticed for some time now. That is not entirely uncommon, as most traders focus on singular markets first and foremost. The bigger picture tells quite an interesting tale.
Over the past twelve months, the cryptocurrency markets have seen an influx of fresh capital, and an equally swift exit of money as well. This has caused a lot of market cap shifts, with XRP overtaking Ethereum being one of the more recent examples. Another trend everyone should pay attention to is how there is a hefty increase in the number of coins dropping below the $1bn market cap threshold.