A broad rise in the digital asset market, fueled by bitcoin hitting $45K, has pushed the whole market capitalization of crypto past $2 trillion.
Let me tell you everything in brief:
- Bitcoin gained 14 percent in the last week, while ether surged 12 percent.
- Terra’s LUNA coin has increased in value by about 70% in the last week, and is presently trading at around $94.
- Other layer 1 tokens such as Avalanche’s AVAX and Polkadot’s DOT, as well as Solana’s SOL, performed well in the market. SOL is up 18.5 percent this week, AVAX is up 16 percent, and DOT is up around 13 percent.
- Thanks to recent gains, Bitcoin now has a greater market capitalization than the rapidly weakening Russian ruble. Bitcoin has a $835 billion dollar market capitalization, while the ruble has a $626 billion dollar market capitalization.
All this has led to a Cryptocurrency capitalization of more than $2T.
Has your portfolio surged as well? Comment below.