The cryptocurrency industry reached a staggering market cap at 1.1 trillion US dollars after Bitcoin and Ethereum sharply jumped in both price and demand recently. The crypto market added 50 billion US dollars to its market cap once the price of Bitcoin passed 38,000 US dollars.
Bitcoin has been pretty bullish for the past day, up 5% compared to the previous day, and its market cap lingers around the 700 billion mark. The second most popular cryptocurrency, Ethereum is currently priced at 1600 US dollars which is also a record price. It has seen a 30% increase for the past week and its current market cap is 190 billion US dollars.
The other cryptos that have had a good run since the beginning of the year are Cardano, Litecoin, and Stellar.
Source
This is truly a record market cap. Bitcoin and Ethereum are pulling the whole industry forward
Bitcoin has been pretty bullish for the past day, up 5% compared to the previous day, and its market cap lingers around the 700 billion mark. The second most popular cryptocurrency, Ethereum is currently priced at 1600 US dollars which is also a record price. It has seen a 30% increase for the past week and its current market cap is 190 billion US dollars.
The other cryptos that have had a good run since the beginning of the year are Cardano, Litecoin, and Stellar.
Source
This is truly a record market cap. Bitcoin and Ethereum are pulling the whole industry forward
