In April 2021, the total market value of global cryptocurrency exceeded US $2 trillion for the first time From CoinGecko&Blockfolio

The following is the In April 2021, the total market value of global cryptocurrency exceeded US $2 trillion for the first time From CoinGecko&Blockfolio recommended by And this article belongs to the classification: Blockchain.

The market value of cryptocurrency reached an all-time high of $2 trillion on Monday, according to data and market tracker coingecko and blockfolio, as the rally in the past few months attracted demand from institutional and retail investors. By midday, cryptocurrency had a market value of $2.02 trillion.

The surge in the market value of cryptocurrency was driven by bitcoin, which reached another milestone after its $1 trillion market value remained for a whole week. Bitcoin is now up 1% to $58820. Since setting a record of more than $61000, bitcoin trading price has been in a relatively narrow range.

Analysts say that as long as bitcoin stays above $53000, it can maintain its market value of $1000bn.

Ethereum, the second-largest cryptocurrency by market value, rose 1.5% to $2107, with a market value of $244 billion. The cryptocurrency hit an all-time high of $2144.99 on Friday.

Glassnode, a blockchain data provider, said in a research report that the fact that bitcoin’s $1 trillion market value remained for one week showed that the market “has strong confidence in the asset class of bitcoin and the whole cryptocurrency.”

So far this year, bitcoin is up more than 100%, while Ethereum is up nearly 190%. With the support of mainstream companies and large investment institutions such as Tesla and Bank of New York Mellon, the performance of these two cryptocurrencies has greatly exceeded that of traditional asset classes.

More reading: 21.2% of American college students use financial aid funds to invest in cryptocurrency. In January 2018, the market value of bitcoin evaporated by US $44 billion. Ernst & Young: hackers can steal US $1.5 million from cryptocurrency every month Global cryptocurrency mining power is expected to exceed solar power generation in 2019 Coinmarketcap: Global cryptocurrency market value dropped to $200 billion in August 2018 Viber: less than 3% of people use Facebook Cambridge innovation financial center of Libra cryptocurrency: the report shows that more than 3 million people use cryptocurrency globally. JPMorgan: 22% of institutional investors think that the company will buy cryptocurrency in the future. Cardify: more than one third of cryptocurrency investors know little about cryptocurrency itself

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