Market Analysis

Cryptocurrency Market Cap Surpasses $2 Trillion – Market Analysis.

The cryptocurrency market cap surpassed $2 trillion for the primary time since mid-May as Bitcoin [BTC], led the rally, consistent with CoinMarketCap data.

Bitcoin climbed up to $48,048 USD earlier on Monday, the very best level since 17th May, CoinMarketCap data reveal.

The world’s leading cryptocurrency is joined by Ethereum [ETH] and Cardano [ADA], which has surged 11% and 53% within the past 7-days respectively.

The cryptocurrency market cap sank as low as $1.19 trillion on 20th July, consistent with data from CoinMarketCap, meaning the ecosystem has almost doubled in value in less than a month.

After touching a peak of over $2.5 trillion on 12th May, cryptocurrencies pulled back and saw a few months of downward pressure as the mining crackdown in China took hold.

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