Total Crypto Market Capitalization Crosses $1T; Is The Worst Behind Us?

Weekly Update

The global crypto market cap is down by 2.68% to $977.47B at the time of writing this article. Over the past 24 hours, the overall volume of the cryptocurrency market has decreased by 13.49% to $87.53B.

DeFi’s total 24-hour volume is $3.94B, or 4.50% of the overall crypto market volume. All Stablecoin volume is currently $80.06B, or 91.47% of the 24-hour volume of the whole crypto market. DeFi’s and Stablecoin’s total 24-hour volume has increased in comparison to last week.

Bitcoin was trading at about $20,121.95 at the time of writing. According to data from CoinMarketCap, Bitcoin’s dominance is currently 39.55%, a decrease of 0.22% from the previous day. In the last 24 hours, the price of ETH fell by 3.86% to $1,497.02, while the price of BNB fell by 1.21% to $286.68.

Total Crypto Market Capitalization Crosses $1T

The price of Bitcoin and other cryptocurrencies has risen in the last week, increasing the overall crypto market capitalization. On Thursday, the overall Market Capitalization crossed $1T, the highest in over Two Months, with a small decline over the last 24 hours indicating a possible short-term rally soon, raising the question of whether the crypto winter is over.

While it is possible that Bitcoin has yet to reach its bottom to begin another rally, it is also worth noting that it may have reached the bottom to start a short-term rally, due to its unpredictable nature, which could be extremely profitable for short-term gains.