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Cryptocurrency market capitalization hits new high above $ 1.17 trillion

The bullish rally in digital assets has set a new record. Cryptocurrency market capitalization has reached $ 1.175 trillion, according to CoinGecko.

Data: CoinGecko.

More than half of the volume of digital assets is Bitcoin – $ 700 billion, followed by Ethereum, Tether, XRP and Polkadot.

Data: CoinGecko.

The main engine of the market’s growth was Ethereum, which renewed its high above $ 1600 on February 3. The capitalization of the asset has reached $ 189 billion. At the time of writing, the cryptocurrency is trading at about $ 1,650.

Ripple’s XRP token rose 70% over the week to $ 0.44.

The combined market value of Cardano reached $ 15.8 billion. The coin gained 42% in a week.

Growth is also shown by Binance Coin with a capitalization of $ 8.4 billion and the ninth place in this indicator in the market. At the time of writing, the token is trading at a new high above $ 58.

As a reminder, in 2020, top 30 cryptocurrencies grew by an average of 308%, according to a report by CoinGecko.

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Fidenge Pecold

My profession is a journalist, but my hobby for 8 years has been studying Forex investing and trading. During this time, I managed to gain extensive experience in investing and trading cryptocurrencies and double my capital in the Forex market. To be the author of this magazine, the site owners invited me to participate in one of the 2020 trading webinars, and I will try to reveal the most relevant crypto market news for you.

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