Cryptocurrency Total Market Capitalization Crosses 1 Trillion Dollars

 

It is the first time when total cryptocurrency market capitalization has crossed $1 Trillion. It is truly a historic day for traders and investors to be in a market that now is over a trillion dollars in valuation. This comes as no surprise with Bitcoin making higher highs and trading above the $30000 mark for the first time.

Today as of writing, the sole market cap of Bitcoin is worth $795 Billion.

We saw Bitcoin go into the bull market in the second quarter of 2020, with the lowest trading at $3700. What we saw in this rally was the massive 750%+ growth of Bitcoin. More and more investors got into Bitcoin.

Investors say this is the first milestone achieved by the market, and there is more room to grow. More than 4142 cryptocurrencies are listed on the coinmarket cap, which accounts for the total market cap.

Everyone saw Bitcoin going parabolic after parabolic. We covered a detailed article upon BTC reaching the $30000 mark here.

Experts say that Bitcoin can easily reach the $50000 mark in the year, increasing the market cap.

$1 Trillion Cryptocurrency Market Cap today is merely 1% of the World’s money. Which means there is a long journey ahead. Today the total market cap of Gold is about $10 Trillion, so that makes Bitcoin is just 10% of the Gold market cap.

Another major cryptocurrency that contributes towards the market cap is Ethereum. Ethereum also went under the bull market and currently has a market cap of $144 Billion.