Cryptocurrency Economy Conquers Market Value Of Worth $1 Trillion

After a significant leap in the worth of Bitcoin, their market value reaches more than $36000, resulting in an increment of cryptocurrency’s total market capital towards $1 trillion.

Within 24 hours, the cryptocurrency market gained $130 billion through a $980 billion market capitalization. It is only $20 billion away from the colossal amount of $1 trillion as market capital.  Bitcoin added about $100 billion market capitalization in a day by gaining $36000 today itself.

Bitcoin is on the top

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As per the latest data and reports, the overall market will reach the apex of $1 trillion market worth because of the significant value earned in just 24 hours. Bitcoin is on the top of the list because of nearly $675 billion of market capital value.

Ethereum turned out to hold the crown of the best performing asset

Amongst all the assets, Ethereum turned out to hold the crown of the best performing asset. Nearly 60% of the market capital jumped in just seven days by crossing the $130 billion bar. At the time of writing, the Ethereum price is floating around $1137.48 with the high bar of $1,167.05 today.

In the last few days, none of the cryptocurrencies like Cardano, Polkadot, and Litecoin have missed the opportunity to gain market worth. Recently, Litecoin climbs the fourth most valuable cryptocurrency list by taking over XRP globally. The downfall of XRP occurred due to the filing of a lawsuit by the SEC in opposition of Ripple in the case of selling unregistered securities in terms of XRP.

Top-performing Cryptocurrency assets

Due to uncertain increments in the market value, some of the world’s best cryptocurrencies acquired the whole limelight. However, in the last few weeks, the percentage gain of Cardano and stellar has increased compared to Ethereum and Bitcoin.  Stellar (XLM) has turned the whole page by actively gaining more than 60% of the market capital in the last few hours only. This sudden increase catalyzed the total market share up to $5 billion.

The worth of XLM has increased by more than 70% in the last week. Moreover, the Ukrainian Ministry of Digital Transformation’s announcement about the collaboration with Stellar Development Foundation in the context of the introduction of the virtual assets in the whole country has stimulated the substantial profit of XLM.

Besides all these, Polkadot, Bitcoin, and Chainlink posts more robust profits in the last week. The posts were all about increment in the asset by 20% in the previous week only. As a result, the anticipation towards a trillion-dollar economy sways as the cryptocurrency economy is getting catalyzed by institutional adoptions in achieving $1 trillion market capital.

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain.

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