For the first time ever, the total value of all cryptocurrencies has crossed $1 trillion.
At the same time, Bitcoin hit new record highs of above $37, 000 as the crypto market continues to surge.
The trillion-dollar capitalization has seen the entire altcoin market surge largely being driven by the gravitational pull of Bitcoin and Ethereum.
____________________________________________________________________
____________________________________________________________________
Below are the stats so far with the new record highs:
- Bitcoin is up more than 25% in 2021 so far
- 1% of all money is now held in Bitcoin
- Bitcoin rose more than 50% in December 2020 alone
- Price of Bitcoin surges more than 100% since November 2020 so far
- Bitcoin rose more than 300% in 2020 alone
- More than 136,000 Bitcoin on Ethereum are now worth $4.9 billion, a new all-time high
- More than 4% of the total market cap of Ethereum is in Bitcoin
- Tether (USDT) supply grows by 10% in 2021
- USDC grows by double digit to the current $4.3 billion
The recent political events in the United States and the continued adoption of cryptocurrencies by institutional investors is driving this massive surge in bitcoin.
____________________________________________________________________
RECOMMENDED READING: The Total Cryptocurrency Market Cap Grew By More than 3.3x in 2020 Alone, Latest Report Shows
____________________________________________________________________
Subscribe to the channel below to catch latest news on video:
____________________________________________________________________
Start trading bitcoin today from as low as $10.
Open a Paxful Bitcoin Trading Account to get started!
____________________________________________________________________
