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October 3, 2022
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– Bitcoin, cryptocurrencies and blockchain technology.

The Bitcoin and Ethereum market continues to surprise. The oldest cryptocurrency in the world has passed the new ATH, and the total value of all digital currencies and tokens has just reached $ 1 trillion.

Market capitalization at a record level

The total market capitalization of all cryptocurrencies available on the market today surpassed the $ 1 trillion mark for the first time. It happened at 7:00 p.m. ET on Tuesday, January 6. This was due to two major digital currencies – Bitcoin, which briefly broke the $ 37,000 mark at the time, and Ether, which cost more than $ 1,200 for the first time since 2018.

It is worth adding that the capitalization of the entire market has doubled in the last month. At that time, Bitcoin almost continuously increased, and now altcoins, led by Ether, are slowly joining this race.

Capitalization reaching $ 1 trillion has been reached now, which is just a few days after the market broke the 2017 boom. According to CoinMarketCap, during the last peak of the cycle at the beginning of 2018, the total market capitalization reached approximately $ 830 billion.

ATH Bitcoin and the season for alta

Today, 1 BTC costs about USD 37,000, or 2 percent. more than yesterday and approx. 30 percent. more than 7 days ago. In turn, for 1 ETH on exchanges, you already pay approx. USD 1,200 (even more yesterday), which translates into a 4% increase on a 24-hour basis and 60%. rate increase during the week.

Bitcoin also established a new ATH at $ 37,730. ETH has a chance to break ATH from the beginning of 2018 later this week.

It is worth adding that long-term increases in BTC finally lead to the altcoin season, which is probably happening right now.

Current course You can always check Bitcoin and other cryptocurrencies in the tabs: exchange rate Bitcoin and the cryptocurrency rate on the website . A place where you can buy BTC and more coins, include cryptocurrency exchange BitBay.net. If you do not have an account on BitBay yet, from this article you will learn how to efficiently create one: LINK.

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