Cryptocurrency market value hits $ 1 trillion for the first time

Charlie Taylor

For the first time in history, the total market value of cryptocurrencies reached the mark of 1 trillion dollars or approximately 5 trillion reais, according to data from Coinmarketcap.
Total market value of the crypto marketMarket value of combined cryptocurrenciesThis means that the market cap of all more than 8,000 crypto assets is higher than the GDP of Switzerland (US $ 707 billion), Austria (US $ 432 billion) and two and a half times the gross domestic product of Argentina (US $ 382 bi).
The mark is reached after the over 700% appreciation of Bitcoin since March 2020, when the cryptocurrency collapsed to less than $ 4,000, but has managed to recover with the entry of institutional investors buying hundreds of millions in the digital asset.
According to James Lopp, developer of Bitcoin Core, the next step is for bitcoin to reach $ 1 trillion alone. This would take the price of cryptocurrency to other levels and it would be worth 20% of the gold market – currently the number is at 8.9%. Coinext 760x150 "width =" 760 "height =" 150

Currently, the first cryptocurrency corresponds to 68.5% of the total market value of crypto assets or approximately US $ 687 billion. Despite this, Ethereum was the first blockchain to exceed the $ 1 trillion mark in volume traded in the year.

See also: What if bitcoin replaced the traditional market?

Invest in cryptocurrencies with security, high liquidity and the lowest rates in the market.
NovaDAX: the most complete exchange in Brazil with more than 25 cryptocurrencies listed and the best customer service score.

Click to rate this post!
[Total: 0 Average: 0]
Next Post

Possible coup d'état in the U.S. and bitcoin exceeds $ 36,000

Unseen scenes took place today at the United States Capitol where the session to certify Joe Biden as U.S. president was interrupted after an invasion of pro-Trump protesters who literally took control of Congress, congressmen were taken to safety by the police. The political instability was caused by Trump's speech […]

Subscribe US Now