The total cryptocurrency market value is close to $2 trillion
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Answer The total cryptocurrency market value is close to $2 trillion
After yesterday’s recovery, the cryptocurrency continues its positive performance amid a flurry of bullish news led by institutional investors.
The total market capitalization of the cryptocurrency market gained 4.65% overnight and is currently worth over $1.8 trillion.
This means that the total value of the crypto market is approaching its highest peak, especially after achieving and exceeding the peak recorded at the end of last week at $1.85 trillion, according to the website. coinmarketcap.
Most of the cryptocurrencies witnessed a price boom, many of them rose to record numbers, and some are close to the records set in mid-February.
Cryptocurrencies make more breakthroughs when compared to the market value of gold.
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All cryptocurrencies are now worth 25% of the market capitalization of gold, up from just 20% a month ago.
The total value of the crypto market is topped by Bitcoin, with the latter gaining 0.8% in the last 24 hours, taking its price to the level of $58,500, and its total market capitalization above $1 trillion.
The price of Bitcoin was positively supported after the Chinese company “Meitu” announced that it had bought 50 million dollars worth of Bitcoin and Ethereum, which we touched on in the article:
Once again, the Chinese company “Meitu” buys more Bitcoin and Ethereum and doubles its investments
Ethereum is present, but its rise is not comparable to the rise of Bitcoin, as Ethereum has risen by only 2% in the last 24 hours.
Cardano coin is the rising star this week, as it gained 13.2% in the last 7 days, and managed to climb to the 3rd place in terms of total market capitalization.
Where it took the place of the BNB currency, which fell to the fourth rank, and despite its rise, it was also unable to maintain the third rank.
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Read also:
Grayscale Adds Five New Cryptocurrency Mutual Funds
Visa is working on digital wallets that can convert Bitcoin into fiat currencies
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