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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.

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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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Nicolash Ferreira Souza (Brazil)

Nicholash is a cryptocurrency user from Brazil, he is one of the new writers on Tokenhell and his articles are cryptocurrency news and reviews related posts. Stay tuned to his most recent posts to keep up to date with the most recent happenings from the crypto world.

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