January 28, 2021

Cryptocurrency resumed growth with a significant increase in market capitalization

Cryptocurrency resumed growth with a significant increase in market capitalization

Most Popular cryptocurrencies resumed growth on Thursday witha significant increase in market capitalization (exceeded the $ 1 trillion mark), although this looks more like wide fluctuations, since investors cannot yet determine the further direction of movement.

In addition, digital assets were undersome pressure after the statement of the head of the European Central Bank (ECB) Christine Lagarde that bitcoin is a highly volatile, illiquid and speculative instrument.

After this statement, Lagarde called for the global regulation of the most popular cryptocurrency.

Against the background of such events, the bitcoin rate per day, according toaccording to Libertex, jumped 11% to $ 37,751 with a capitalization of $ 699.2 billion. Ethereum has risen in price by 7.3% to $ 1114 with a capitalization of $ 126.7 billion. XRP rose in price by 1.2% - to 0.2956 dollars, its capitalization amounted to 13.4 billion dollars. Litecoin strengthened by 10.1% - to 147.1 dollars with a capitalization of 9.7 billion dollars.

The total cryptocurrency market capitalization reached $ 1.007 trillion.

Probably in the near future the crypto market will continuemaintain increased volatility. However, Bitcoin has a chance to return to the $ 40,000 mark again, Ethereum can grow to $ 1,200, XRP to $ 0.32, and Litecoin to $ 155.