Like Bitcoin, Ether, and other cryptocurrencies set new records at prices this week, the overall market value of cryptocurrencies soared to a new record of more than $2.2 trillion, surpassing Apple for the first time.
CoinDesk data shows that after a few weeks of wandering around US$60,000, the price of Bitcoin this week hit a maximum of US$64,829.14, setting a record high and approaching the US$65,000 mark.
Analysts believe that Bitcoin still has room to rise, but the latest chart of the Speaker comparing Bitcoin’s performance in 2021 with 2013 and 2017 also shows that Bitcoin actually performed “moderately” and did not rise too much.
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The rise of Bitcoin has also driven the trend of other cryptocurrencies in the market. ETH has also reached a record high of US$2,400, XRP has also been advancing all the way, and the stock price has soared again by 34%, setting a record of US$1.85 in three years. The situation for most other alternative currencies is also quite optimistic.
This has led to a substantial increase in the cumulative market value of all crypto assets. According to CoinGecko’s data, this indicator increased by 150 billion US dollars in one day, reaching a record high of 2.260 trillion US dollars.
As the market value of the crypto market fell below US$200 billion in the same period in 2020, this number has increased by more than 10 times in one year. It surpassed Apple’s 2.23 billion U.S. dollars.
In addition, Bitcoin is still the fastest asset ever to reach a market capitalization of $1 trillion. Although this is a great milestone, the crypto community still says that the market is still in its early stages.
