Cryptocurrency

Cryptocurrency market capitalization exceeded $ 1 trillion for the first time in history

On the night of January 7, Bitcoin reached a new record, and after it the rates of most altcoins also rose. Against this background, the capitalization of the cryptocurrency market for the first time in history exceeded $ 1 trillion.

According to CoinMarketCap , the cryptocurrency market capitalization was $ 1 trillion 15 billion. The lion’s share of this indicator remains with bitcoin – $ 696 billion. Ether is in second place – $ 138 billion. Tether, XRP and Litecoin have shares of $ 22 billion, $ 13 billion and $ 11 billion, respectively. 

The dominance of BTC in the market is 68.5%. At the time of publication, bitcoin is trading at $ 37,000, while the maximum was reached at around $ 37,700. The ETH rate is $ 1,210. The all-time high of ETH was recorded in January 2018, when the coin was trading at $ 1,400.

Recall that in January 2018, when the rate of the first cryptocurrency reached $ 20,000, the capitalization of the cryptocurrency market reached $ 800 billion. Earlier, the former Merrill Lynch economist David Rosenberg said that the next phase of “blowing a bubble” in Bitcoin is underway.

About author

Experienced Founder with a demonstrated history of working in the newspapers industry. Skilled in Data Research, Management, Investment Research, Teamwork, and Leadership. Influencing the technology, people, and technical analysis of the Cryptocurrency and Blockchain world.
Related posts
Cryptocurrency

The Ministry of Finance of the Russian Federation proposed amendments to the Code of Administrative Offenses with fines for illegal circulation of CFA and cryptocurrencies

CryptocurrencyDogecoin

Elon Musk Called Dogecoin is the People's Crypto on Twitter

CryptocurrencyExchanges

Coinbase Selects Nasdaq For Direct Stock Market Placement

Cryptocurrency

Indian Finance Minister: "we plan to regulate, not ban cryptocurrencies"

Sign up for our newsletter and stay informed

0 0 vote
Page Rating
Subscribe
Notify of
guest
0 Comments
Inline Feedbacks
View all comments
0
Would love your thoughts, please comment.x
()
x