The Market Capitalization of the Cryptocurrency Exceeded $700 Billion

The Market Capitalization of the Cryptocurrency Exceeded $700 Billion

The new year began with the activation of the upward movement of most of the most liquid cryptos. As of January 4, the total market capitalization of digital currencies is $ 748 billion.

Overcoming the threshold of $ 700 billion was fed by rally bitcoin, which reached $ 15,428 on the BitFinex crypto-exchange. Thus, the daily growth was about 8%. The current bitcoin exchange rate, according to Coinmarketcap, is $ 15 270, while the market capitalization of the cryptocurrency has reached $ 256 billion.

Our top trading bots

The bullish momentum arose in response to news that the Founders Fund, the venture fund of the co-founder of PayPal Peter Thiel, held hundreds of millions of dollars in bitcoins as part of hedging operations. Probably, this news will become a strong impulse of optimism for investors, as it means that institutional currencies flow to the markets.

In the screenshot below you can see that in the last 24 hours all top altcoins, as well as bitcoin, have grown in price:

Among the top ten most popular cryptocurrencies in the previous 24 hours, the most significant growth was demonstrated by bitcoin, Ripple, Bitcoin Cash, Cardano, Stellar and NEM. At the same time, during the last seven days, the most active of them grew Ripple, Cardano, Stellar and NEM.

Also note that in comparing with the background of the confident growth of the first cryptocurrency, the bitcoin dominance index is at a record low mark (37.08%).

Recall, about two weeks ago the price of bitcoin reached a psychological mark of $ 20,000, and the total capitalization of the cryptocurrency exceeded $ 600 billion. At that time, the bitcoin dominance index exceeded 50%.

Chart Source: CoinMarketCap

Bitcoin: Is a Bear Market Imminent? How Low Could BTC Fall?
By David WagnerInvesting.com -- As a Bitcoin ETF in the United States will finally become a reality this week, some believe that Bitcoin will soon set new...
Arbitrum’s TVL surges to $1.5B as DeFi degens ape into ArbiNYAN
Ethereum layer-two rollup network Arbitrum One is beginning to see significant growth, with its total value locked (TVL) surging by roughly 2,300% this...
Canadian regulator alleges OKEx operator violated securities law
The Ontario Securities Commission claimed Aux Cayes FinTech Company Limited, a legal entity in the Republic of Seychelles that operates crypto exchange...
‘Poopcoin’: Korean professor uses bio-waste to mine crypto
“Shitcoin” may no longer be solely a term used to describe altcoin projects with questionable value propositions, as one South Korean university professor...
Marvel reveals official NFTs will be available on VeVe marketplace by 2022
The VeVe virtual marketplace will soon have official nonfungible tokens and digital comic books from Marvel.In a Thursday announcement, Marvel Entertainment said...
Korean Solana expansion gets $20 million boost
Solana-related news has surfed a number of headlines in recent months. The blockchain now appears headed for major strides in Korea, with significant funding...
XRP Climbs 12% In a Green Day
Investing.com - XRP was trading at $0.99418 by 13:54 (17:54 GMT) on the Investing.com Index on Monday, up 11.64% on the day. It was the largest one-day...
Korean gov’t clarifies crypto regulatory roles of different agencies
Over the past year or so, the crypto community in South Korea has had to adapt to a suite of new regulations and government frameworks tailored to the growing...
EOS Tumbles 22% In Rout
Investing.com - EOS was trading at $6.0361 by 00:46 (04:46 GMT) on the Investing.com Index on Thursday, down 22.16% on the day. It was the largest one-day...
ConsenSys exec joins CoinFund to assist early-stage blockchain firms
Vanessa Grellet, a five-year veteran of Ethereum software company ConsenSys, will be joining crypto investment group CoinFund as its new head of portfolio...
Litecoin Climbs 11% In a Green Day
Investing.com - Litecoin was trading at $264.228 by 02:24 (06:24 GMT) on the Investing.com Index on Wednesday, up 11.07% on the day. It was the largest...
Atomic swaps and network upgrades send Monero (XMR) price to a 3-year high
As the 2021 bull market cycle unfolds with decentralized finance and nonfungible tokens, or NFTs, being two of the biggest driving forces for growth, old-school...
Ethernity Chain to collaborate with Kenetic to further NFT ecosystem
Community-oriented non-fungible token platform Ethernity Chain is partnering with Hong Kong-based crypto investment firm Kenetic Capital to expand its ecosystem.According...
Bitcoin Might Soon Drop to $6,000, Says Fundstrat’s Technician
Bitcoin might soon see another considerable connection. According to a Fundstrat’s technician bitcoin is ‘living on the edge.’ If it sustains its $7,500+...
"Kaspersky Lab": A New Phishing Scheme On Facebook
For 2017, spammers and phishers used a variety of tricks to trick users and get their money. Schemes exploiting people's interest in rapid enrichment were...