Cryptocurrency market capitalization hovers around $2 TRLN - Bits Media

The total value of the cryptocurrency market for the first time since May 2021 years again exceeded $2 trillion. On Friday she rose to $2.2 trillion, but in the following days it fluctuates around the level $2 trillion.

The resumption of growth in the cryptocurrency market indicates wider acceptance Cryptoactives around the world. On Friday, the total market capitalization reached $ 2 trillion with 19 May of this year, And for the first time this line was overcome in early April.

This was partly the result of a surge in the cost of the main altcoins, Including ETH, THERE IS, BNB и XPR. However, the proof of the correction prevented him from gaining foothold above this sign. Continuation of growth is quite likely, but correction in the absence of positive news can be long.

BTC is also traded about a three -month maximum. According to CoinmarketCap on Monday morning, Bitcoin rose to $48 000 and twice tried to overcome this level. However, BTC is still 28% Below the historical maximum of $ 64 804, achieved 14 april.

Remarkably, that altcoins showed a leading growth compared to bitcoin. Over the past week, ETH has grown on 8.34%, ADA grew more on 50%, XPR of 63%, Bnb almost on 21%, While the BTC showed approximately 6.2% growth. This often happens "at the end" of the growth wave: First, the "flagship" bitcoin grows, The rest of the cryptocurrencies pull up behind him, Then the market goes into correction.

On 16 August 2021 of the year, The market capitalization of the leaders of the first dozens of cryptocurrencies increased: Eth to $388.3 billion, There is до $70.2 billion, Bnb to $69.6 billion, XPR to $60.1 billion and leader BTC to $886.4 billion.

The total trading volume of the above crypto actors for the last 24 the hour made up $71.3 billion.

Most experts came to the conclusion, that the main “trigger” of the current phase of growth was the successful launch of the London hardforte on the Ethereum. The widely discussed event revived the market and indirectly influenced the influx of investment in other crypto assets.

Traditional financial institutions also showed interest in the cryptocurrency market. So, JPMorgan investment bank
gave his financial consultants an indication to provide all interested customers, Asset management, Access to cryptocurrency funds.

The progressive movement of the market did not stop even after, as a cryptocurrency lobby in the Senate could not achieve
Changes in tax reporting rules for cryptocurrencies in the United States. And China almost completed the operation of the exile of miners
from its territory.