Market capitalization of the Crypto currency exceeded $ 300 billion

in bitcoin •  7 years ago  (edited)

The total value of the digital currencies on the market exceeded the $ 300 billion mark.
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According to the analytical service of Coinmarketcap, at present the capitalization of the Crypto-currency is $ 304.9 billion; the cumulative daily turnover of trades - $ 12.4 billion.

Such a rapid growth in market capitalization is largely due to the recent rally of the first digital currency, whose price is confidently approaching the psychological mark of $ 10,000.

The index of dominance of the first crypto currency is still relatively high and is 53.5%. Also bitcoin is the undisputed leader in the daily trading volume ($ 5.8 billion). On the other hand, recently many other crypto currencies have demonstrated strong growth, which could not but affect the growth of the market.

Below, the chart illustrates the dynamics of growth in the total capitalization of the crypto-currency market:
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Data: coinmarketcap

In the screenshot, you can see that on the first day of 2017, the total value of digital currencies hardly exceeded the $ 18 billion mark. Thus, since the beginning of the year, the crypto-currency market has grown more than 16 times.

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