During the period from 2018 to September 2021, the crypto market underwent many changes. Here are some of the main data and trends in the development of the crypto market during this period:
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Increase in Total Market Value: In early 2018, the market value of cryptocurrencies hit an all-time high, reaching an estimated $800 billion. However, for the rest of 2018 and 2019, the market value dropped drastically and hit a low point around $100 billion in early 2019. Since then, the crypto market has recovered and as of September 2021, the market value was around $2.1 trillion.
Changes in Market Domination: During the period from 2018 to 2021, Bitcoin's market dominance decreased dramatically, from around 70% in early 2018 to around 40% in September 2021. Altcoins, especially Ethereum, have gained significant market share during this period.
Price Changes: Crypto asset prices fluctuated a lot during this period. In early 2018, Bitcoin hit an all-time high of nearly $20,000, but dropped heavily for the rest of the year and hit a low below $4,000 in early 2019. Since then, Bitcoin and other crypto assets have recovered and as of September 2021, Bitcoin trading around $45,000.
Regulatory Changes: Crypto asset regulations have changed dramatically over this period. Some countries have introduced laws governing the use of crypto assets, while other countries have introduced certain prohibitions or restrictions. This can affect the value and adoption of crypto assets in certain countries.
Institutional Adoption: During the period from 2018 to 2021, many financial institutions began to look to crypto assets as valid investments. Many major banks, hedge funds and technology companies have announced plans to expand their crypto asset service offerings.
The development of the crypto market is very dynamic and changes rapidly. Therefore, this information may be inaccurate when viewed at any particular time in the future.