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Despite experiencing an early dip in value, the market has generally moved in a positive direction so far this week, and has broken through the $300B barrier. Continuing on from last week’s positivity, Monday began with a total valuation of $280B which rose sharply during the morning by approximately $10B. The market then began a pullback which lasted until the early hours of Tuesday as the total valuation fell from $290B to around $283B on Tuesday morning. Things then began to pick up once again, and the despite fluctuating, the market remained on a generally positive trend as the midweek approached. The total market cap grew by 6% and moved from $283B to $300B on Tuesday, before going on to peak at around $304B on Wednesday.
Interestingly, Tuesday also saw a sharp spike in trading activity as the daily trading volume ran up to just over $38B. Prior to this, the 24-hour trading volume had been closer to $15B, and more than doubled on Tuesday. However, the trading volume fell back to around $20B soon after the spike and has been steadily declining since then. At the same time, the total valuation has been fluctuating in the region of $300B as the market appears to be trying to stabilize close to that figure, and the total market cap currently sits at $302B, while the 24-hour trading volume currently stands at $13B.

source:  https://cointelegraph.com/news/monero

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