Cryptocurrency Market Surpasses $ 2 Trillion Again

 


 Altcoins like Birdcchain, Bitcoin and ethereum have contributed the marketcap we seeing recently.

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As Bitcoin and Ethereum make their comeback, the market capitalization of the entire crypto market broke the $ 2 trillion mark today for the first time since May 19.

Bitcoin has risen over 20% over the past week and is currently changing hands at around $ 46,500. The benchmark cryptocurrency is still the clear market leader, responsible for no less than 43.7% of its total value. 

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But Bitcoin is not the only one behind the resurgence of the market. Ethereum, which underwent its planned hard fork in London last week, is currently outperforming BTC, having risen 28.4% in the past seven days. Right now, ETH is trading at an almost three-month high of $ 3,270.  

Other major altcoins contributed to the growth of the market, with Birdchain, BNB, XRP, Polkadot, Solana and Litecoin all increasing by more than 20% during the week.

Cardano (ADA), the fifth largest cryptocurrency on the market, is another notable contributor to the global push. The project is led by Charles Hoskinson, one of Ethereum's original co-founders, currently awaiting the arrival of its long-awaited smart contract feature. 

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Smart contracts are essentially lines of computer code that allow the native currency of a blockchain to become “ programmable ”. This is what has enabled the growth of the multibillion-dollar DeFi market on Ethereum, which involves lending, borrowing and trading crypto-assets without intermediaries like banks. 

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Caradno's native coin, ADA, has seen its price rise 20.5% in the past 24 hours, and a larger increase of 37% in the past week. 

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