The Crypto Market Capitalization Exceeded $1 Trillion

The total market capitalization of cryptocurrencies has not only returned but also exceeded $1 trillion. And this is not the last good news of the day.

Bitcoin (BTC) hit $22,500 while Ethereum (ETH) surged to $1,500. Following them, the entire crypto market rose by as much as 4.8%.

Bitcoin’s market capitalization has recovered to $420 billion and Ethereum’s to $180 billion, adding more than $20 billion in the last 24 hours.

However, before you reach for the champagne, consider the previous all-time high in the market cap of cryptocurrencies. It passed the $3 trillion mark in the fourth quarter of 2021, which means a loss of $2 trillion.

Post a Comment