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Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days

Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days – Since March 22, the crypto economy has managed to stay above the $2 trillion level for the last five days. The worldwide cryptocurrency market value has increased by 1.3 percent in the last 24 hours, and it now stands at $2.1 trillion.

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On Sunday, the price of bitcoin surpassed $46K, resulting in a market capitalization of $870 billion dollars.

The value of digital currencies has increased over the last seven days, and the overall value of the crypto economy has remained above $2 trillion for five days in a row. The crypto economy surpassed the $2 trillion mark during the first week of March.

Also Read: Bank of Russia Allows Sberbank to Issue Digital Financial Assets

Bitcoin (BTC) has gained 8.9% in the last seven days, while ethereum (ETH) has gained 8.5 percent against the US dollar. Cardano (ADA) saw the best seven-day rise of the top ten largest crypto market capitalization this week, with a gain of 26.5 percent.

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The market capitalization of the 13,421 crypto assets traded on 587 exchanges is at $2.1 trillion, up to 1.3 percent in the last day.

Zilliqa (ZIL) gained 148 percent this week, convex finance (CVX) jumped 53.2 percent, and vechain (VET) jumped 44.9 percent in the last seven days.

On Sunday, the top privacy cryptocurrencies by market capitalization gained by 3.4 percent, while the top smart contract platform coins by market capitalization rose by 1.7 percent. In addition, the top rebase tokens by market capitalization gained by 9% against the US dollar in the last 24 hours.

On Sunday, the crypto economy was valued at $2.1 trillion, with $78.5 billion in global trade volume on exchanges in the previous day.

At the time of writing, bitcoin (BTC) holds a market share of about 40.3 percent of the $2.1 trillion crypto economy, while ethereum (ETH) holds 18 percent.

The stablecoin tether (USDT), which has a market dominance of roughly 3.84 percent today, is the third-largest crypto market valuation.

Also Read: Japanese Cryptocurrency Exchange Coincheck to Go Public on Nasdaq in $1.25 Billion Deal

Global Crypto Economy Holds Above the $2 Trillion Zone for 5 Consecutive Days – Stablecoins are swapped for $42.7 billion of the $78.5 billion in worldwide trading volume traded on exchanges. On Sunday, the stablecoin economy was valued at $188.9 billion.

Aside from the $2.1 trillion crypto economy, decentralized finance (defi) protocols hold $216.58 billion. Today’s total value locked (TVL) in defi has climbed by 1.04 percent in the last 24 hours. Curve Finance, Makerdao, Lido, Anchor, and Aave are the most popular defi protocols in terms of TVL.

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