The capitalization of the cryptocurrency market exceeded $1 trillion – Bits Media

For the first time since the beginning of October, the capitalization of the cryptocurrency market exceeded the mark in $1 trillion. Market experts believe, that the bottom is passed, and expect a gradual increase in activity.

According to Coingecko, The capitalization of the global cryptocurrency market again exceeded the mark in $1 TRLN after growth about 4.5% For the latter 24 o'clock. The total trading volume of cryptocurrency per day was $77.3 billion. The dominance of bitcoin is 38.1%, At the price of $20 099, And the ether - 17.6%, At the price of $ $1 463.

Despite, that in general, the cryptocurrency market is still much lower than the historical peak in $3.08 trillion, which was recorded in November last year, Experts and traders express a careful assumption about the achievement of the bottom and the beginning of its gradual growth.

Touching shorter time frames, They agree, that crypto acts from the first dozens demonstrate force, Considering the previous descending level of resistance as support. Based on their observations, Some analysts predict the ascending rally over the next four months.

Earlier, founder and general director of the Eight Trading company, Popular cryptocurrency analyst Michael van de Popp (Michael van de Poppe) He supported the experts, who believe, that in the coming weeks the first cryptocurrency will significantly increase in price.