December 4, 2021

Cryptocurrency capitalization reaches all-time high of $ 2.6 trillion

Cryptocurrency capitalization reaches all-time high of $ 2.6 trillion

  • Cryptocurrency market capitalization has renewed its all-time high.
  • The cryptocurrency market is more expensive than Apple.
  • Bitcoin capitalization surpasses that of Facebook.

The size of the crypto market capitalization has again renewed a record high, reaching $ 2.6 trillion, according to data from CoinGecko.

The previous all-time high was set on May 12. Then the total capitalization of the cryptocurrency market was $ 2.55 trillion, and at that time many altcoins had updated their own records.

However, the new record is somewhat controversial.So, another popular analytical platform, CoinMarketCap, reports that the current size of the total cryptocurrency market capitalization is about $ 2.5 trillion. This is roughly the same as five months ago when the previous peak was noted.

Nevertheless, since the beginning of the year, the cryptocurrency market capitalization has grown by 233%. Then it was about $ 780 billion.

Crypto market has overtaken Apple

Thus, at the moment, the totalcryptocurrency market capitalization still exceeds that of the world's largest company. We are talking about the tech giant Apple, whose market capitalization is now, according to CompaniesMarketcap, about $ 2.39 trillion. The second in the list of companies-heavyweights is Microsoft with a capitalization of $ 2.28 trillion.

Meanwhile, the enthusiasm in the digital currency spaceand does not think to fade away. Bitcoin continues to set the tone for trading on the crypto market. The BTC rate began a new work week with growth amid news of the long-awaited approval by the American regulator SEC of the launch of an ETF on bitcoin futures.

At the time of writing, the coin was traded withintraday gains of nearly 3%, moving north from $ 62,000 and getting pretty close to the all-time high of $ 64,800 set on April 14, according to CoinGecko.

The market capitalization of BTC is nowabout $ 1.18 trillion, which forms about 45% of the total size of the crypto market. In the rating of the value of world companies, bitcoin now occupies the 6th line. Its capitalization exceeds Facebook ($ 915 billion), but falls short of Amazon ($ 1.7 trillion).

Altcoins do not sleep

At the same time, market participants remind that, as a rule, bitcoin is the first sign, and after it takes a breather at the heights reached, other altcoins start to grow after it.

Ethereum, which accounts for 17% of the total cryptocurrency market, boasts a market cap of $ 458 billion, which is comparable to the Chinese giant Alibaba.

Moreover, according to CoinGecko, currentlyThere are 108 altcoins on the market with a market capitalization of over $ 1 billion.All the top 20 leading altcoins have a capitalization of over $ 10 billion, and the top ten altcoins in the market are all worth over $ 30 billion.

The third cryptocurrency in terms of capitalization is Binance Coin (BNB) with an indicator of $ 79 billion; fourth - Tether with $ 70 billion; and the fifth is the ADA coin of the Cardano project with a capitalization of $ 69 billion.

Where is it more profitable to buy bitcoin? TOP-5 exchanges

For a safe and convenient purchase of cryptocurrencies with a minimum commission, we have prepared a rating of the most reliable and popular cryptocurrency exchanges that support deposit and withdrawal of funds in rubles, hryvnias, dollars and euros.

Site reliability is primarily determined bytrading volume and number of users. By all key metrics, Binance is the largest cryptocurrency exchange in the world. Binance is also the most popular cryptocurrency exchange in Russia and the CIS, since it has the largest turnover of funds and supports transfers in rubles from bank cards Visa / MasterCard and payment systems QIWI, Advcash, Payeer.

Especially for beginners, we have prepared a detailed guide: How to buy bitcoin on a crypto exchange for rubles?

Rating of cryptocurrency exchanges:

# Exchange: Website: Rating:
1 Binance (Editor's Choice) https://binance.com 9.7
2 Huobi https://huobi.com 7.4
3 Exmo https://exmo.me 6.9
4 OKEx https://okex.com 6.5
5 Bybit https://bybit.com 6.3

The criteria by which the rating is set in our rating of crypto-exchanges:

  • Work reliability - stability of access to all platform functions, including uninterrupted trading, deposit and withdrawal of funds, as well as the period of work on the market and the daily trading volume.
  • Commissions - the size of the commission for trading operations within the site and the withdrawal of assets.
  • Additional features and services - futures, options, staking, NFT marketplace.
  • Feedback and support - we analyze user reviews and the quality of technical support.
  • Convenience of the interface - we evaluate the functionality and intuitiveness of the interface, possible errors and failures when working with the exchange.
  • final grade - the average number of points for all indicators, determines the place in the rating.

Cryptocurrency capitalization reaches all-time high of $ 2.6 trillion

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