Total Crypto Market Cap Tops Over 1 Trillion Dollars

The global cryptocurrency market capitalization has surpassed a Trillion.
The market has a change of 0.93% over the past 24 hours.
The market capitalization of stablecoins is now $137 billion.

According to a recent analysis, the global cryptocurrency market capitalization has surpassed a Trillion. Concretely, as of today, the market cap is at $1.04 trillion, reflecting a change of 0.93% over the last 24 hours and a change of -51.2% over the past year.

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The following is a rundown of the present situation involving the top 10 tokens in terms of market capitalization according to CoinGecko.

This return to the psychologically important level comes just after Bitcoin passed past the $21,000 barrier.

In recent weeks, this price point has shown to be a tenacious level of support for BTC, giving the bulls a lift after they successfully averted a protracted slide below $20,000. In addition, The current market capitalization of Bitcoin (BTC) is $410 billion, giving Bitcoin a dominance of 39.47% of the whole cryptocurrency market.

On the other hand, Ether is the cryptocurrency that has seen the greatest performance over the course of the last week. After a one-week increase of 18.7 percent, Ethereum, the second-largest cryptocurrency in the world, is now on the verge of breaking the $1,600 barrier.

And a sea of green can also be seen across other alternative cryptocurrencies as they stage a moderate rebound. Polygon is a standout performer, as it has increased by 17% in the last 7 days and by -0.6% over the past 24 hours.

Further, The market capitalization of stablecoins is now $137 billion, giving them a 13.22% share of the entire cryptocurrency market capitalization.

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Godfrey Mwirigi

Godfrey Mwirigi is an enthusiastic crypto writer with an interest in Bitcoin, blockchain, and technical analysis. With a focus on daily market analysis, his research helps traders and investors alike. His particular interest in digital wallets and blockchain aids his audience in their day-to-day endeavors.