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Breaking: The Global Crypto Market Cap Hits $1 Trillion as Bitcoin Reaches $37,700



The Global Crypto Market Cap Hits $1 Trillion as Bitcoin Reaches $37,700

Its great news for the cryptocurrency world and traders as the global market cap of crypto surpasses $1 Trillion. At press time the global market cap of cryptocurrency is $1009.82B as per CoinMarketCap.

If we see the data then we can find that there is a surge in 8.33% in the global crypto market cap from last day. As per CoinMarketCap data, there are over 8200 cryptocurrencies in which the dominance of BTC is 68.6%.

Today the price of Bitcoin surges almost 8.88% surpassing $37K mark. It’s trading between $34,266.62 and $37,504.72 from the last 24 hours. The market cap of BTC and 24h trading volume is $693,808,359,245 and $79,051,298,138 respectively. There is a surge of 9.72% in volume from the last 24h.

Today the price of Bitcoin also made new ATH and reaches $37,736.46 USD. The reason behind the recent surge in the price of BTC is institutional adoption. Like PayPal started support for various cryptocurrencies this year.

Bitcoin (BTC) is currently the 1st in cryptocurrency ranking in terms of market capitalization. However Ethereum (ETH) on the 2nd spot, USDT on the 3rd and Ripple’s XRP at the 4th spot.

The price of Ethereum also surges almost 60% in the last 7 days. It’s currently trading at $1,190 USD with a market capitalization of $135,727,133,747

The market capitalization of Tether (USDT) and XRP are $22,861,127,148 and $13,628,465,992 respectively. Ripple’s XRP was at the 3rd spot before its massive price decline. The price of XRP declined soon after the SEC lawsuit against Ripple Labs Inc.

The price of XRP today surges almost 43.27% and currently, it’s trading at $0.3234 USD. The 24h high and low for XRP is $0.2278 and $0.3242 respectively.

Disclaimer: Koinalert’s content is only for information purpose in nature and should not be considered as investment advice. Do your own market research before investing in any cryptocurrencies. The author or publication does not hold any responsibility for your personal financial loss.

Ashish is a cryptocurrency journalist who has been passionately involved in the bitcoin space since 2016. His interests lie in bitcoin security, open-source systems, network effects and the intersection between economics and cryptography.