Crypto Market Cap Hits $2T as BTC Stays Above $45K
Bitcoin has seen its price increase by around 53% since the start of this year. The top digital asset has traded in green since last week (Coinmarketcap data).
Bitcoin’s price managed to climb well above $45,000 today, Friday. The market positivity since last week has Bitcoin trading in the green as its market capitalizations stand around $848.41 billion (Coinmarketcap data).
Keep in mind that the dominant crypto had an unpredictable session recently. The coin managed to attain monthly highs at $46,232 before slight losses of 2% emerged.
Meanwhile, with the massive volatility seen this year, Bitcoin still trades 53% up in 2021. While writing this content, Bitcoin’s dominance gained 0.24% to 44.84%.
Today, 13 August, Bitcoin trades around $45,193.44 after losing 2.06% since yesterday. However, the leading crypto is 11.54% higher in seven days.
The overall crypto market seems to suffer over the previous months as Bitcoin declined to the levels beneath $30,000. Keep in mind that the total cap hovered at $2.12 trillion in May before the crash. However, the recent upward price actions see the market cap hitting $2 trillion again.
The recent market uptick comes as BTC and most top cryptocurrencies witnessed price rises since last week. For instance, BTC was at its multi-month high on Wednesday, trading near $46,500. With that, the coin surged 19% over the previous three months. Ether joined the gains, increasing 21% to around $3,200. While publishing this, ETH stands at $3,124.63 following the previous 24-hour losses that had the altcoin plunging by 3.16%. Despite that, Ether maintained its green trading as it stands at a 12.54% high in a week.
For now, t overall market cap is $1.89 after losing 2.71% yesterday. Meanwhile, the total market volume stands around 4116.41 billion, a 10.95 drop (Coinmarketcap). The overall DeFi was at $12.37 billion, 10.63% of the market’s volume. Meanwhile, stablecoins had their volume at $19.80.
Also, alternative crypto projects had impressive rallies over the last week. Binance Coin (+17.55%), Tether (+0.04%), Cardano (+43.56%), and XRP (+36.59%) registered positive price changes.
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