Crypto Market Update - December 2020

Published on: January 1, 2021
2 weeks ago - 3 mins read

December 2020 – ATH after ATH!

December 2020 has come to an end and like each month the 100eyes team analyses what happened to Bitcoin and the altcoin market. In October Bitcoin gained 29.5%, in November Bitcoin gained 40.6%, and in December Bitcoin gained 49.2%! What an amazing way to end 2020!

In November altcoins could keep up with Bitcoin very well, but Bitcoin really pulled away from altcoins in December. While Bitcoin gained 49.2% in December, altcoins (on average) did not increase in dollar value (-0.55%). This means altcoin lost quite a lot in Satoshi value and Bitcoin dominance increased from 63% to 71%.

In the following chart you can see how November compared to the last twelve months of altcoin performance.

Also important: Total crypto marketcap reached an ATH as well: 777.514B! As shown in the chart below, total crypto marketcap is now higher than it was in January 2018.

The top 5 performers in December were $TFUEL (+233.60%), $THETA (+197.38%), $ZIL (+176.74%), $MITH (+138.78%), and $CHZ (+70.90%). Biggest losers were $SYS (-37.79%), $HC (-39.17%), $SNGLS (-39.37%), $AE (-40.30%), and $XRP (-66.02%).

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