In February 2021, the transaction volume of cryptocurrency exceeded US $1 trillion, setting a new record From The Block Research

The following is the In February 2021, the transaction volume of cryptocurrency exceeded US $1 trillion, setting a new record From The Block Research recommended by And this article belongs to the classification: Blockchain, Bitcoin.

According to the cryptocurrency transaction data of the block research, in February this year, the cryptocurrency transaction volume exceeded US $1 trillion, setting a new record. As of February 26, the monthly trading volume of cryptocurrency was US $1.05 trillion, an increase of US $143.9 billion or 15.9% over January.

At present, bitcoin is the largest cryptocurrency in the world. It is famous for its volatile price and has a large number of supporters. The current price of bitcoin is $47340. According to the exchange In January alone, participants increased by 16 percent, according to a report by. The soaring price of bitcoin and other digital tokens is a key driver of growing interest in cryptocurrencies, according to the report. It points out that the adoption of cryptocurrency by Ethereum’s Ethernet currency and institutions such as PayPal and MicroStrategy has promoted people’s interest.

According to the data of coingecko website, the total market value of cryptocurrency is US $1.47 trillion, and the top three cryptocurrencies in terms of market value are bitcoin, Ethereum and Cardano.

More reading: chainalysis: the proportion of criminal activities in cryptocurrency transactions will drop sharply in 2020 Cambridge innovation financial center: the report shows that there are more than 3 million people using cryptocurrency worldwide Cryptocurrency is on the verge of collapse. In January 2018, the market value of bitcoin evaporated by US $44 billion. For the first time, the total market value of cryptocurrency exceeded US $500 billion. In November 2017, the total scale of global cryptocurrency exceeded US $300 billion Vries: Global cryptocurrency mining power is expected to exceed solar power generation in 2019 Wall Street Journal: Global cryptocurrency ICO fraud amount to US $273 million

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