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Why altcoin season faces a reality check after $800B market cap plunge

By Ishika Kumari

Why are altcoins losing ground against Bitcoin despite earlier signs of recovery?

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Market capitalisation

The total value of a listed company, calculated as its share price multiplied by the number of shares.

It is the usual way to compare the size of public companies.

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Bitcoin

The first and largest cryptocurrency, created in 2009, with a fixed maximum supply and no central issuer.

Its price swings and adoption by funds and companies make it a bellwether for the whole crypto market.

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