Connect with us


Crypto market cap hits $ 2 trillion, bitcoin hits $ 1.1 trillion




FILE PHOTO: Representations of Ripple, Bitcoin, Etherum, and Litecoin virtual currencies are seen on a PC motherboard in this illustration photo, February 14, 2018. REUTERS / Dado Ruvic / Illustration / File Photo / File Photo

NEW YORK (Reuters) – The cryptocurrency’s market cap hit an all-time high of $ 2 trillion on Monday, according to data and market followers CoinGecko and Blockfolio, as gains in recent months have attracted the demand from institutional and retail investors.

As of noon, the crypto market cap was $ 2.02 trillion.

The surge in crypto market capitalization was led by bitcoin, which reached its own milestone of holding the $ 1 trillion market cap for an entire week. Bitcoin was last up 1% to $ 58,820. Since hitting a lifetime high of over $ 61,000, it has since traded in a relatively narrow range.

Analysts have said that as long as bitcoin stays above $ 53,000, it will be able to maintain its $ 1 trillion market capitalization.

Ethereum, the second largest cryptocurrency by market cap, rose 1.5% to $ 2,107, with a market cap of $ 244 billion. It hit a record high of $ 2,144.99 last Friday.

While two trillion dollars of market cap is a considerable amount of value stored in the blockchain format, it is still less than 1% of the value that can be stored in this format, which means there is still much to do in both. Market capitalization and global adoption of smart contracts, said Sergey Nazarov, co-founder of Chainlink, a decentralized network that provides data to smart contracts on the blockchain.

Blockchain data provider Glassnode said in a research report that the fact that bitcoin held the market cap of $ 1 trillion for a week is a strong vote of confidence for bitcoin and the asset class of cryptocurrency as a whole.

He added that on-chain activity continues to strengthen bitcoin’s robust position, with volume equivalent to more than 10% of circulating supply above the $ 1 trillion threshold.

Bitcoin has grown over 100% this year, while ethereum has gained almost 190%. Both have massively outperformed traditional asset classes, bolstered by the entry of mainstream companies and large investors into the cryptocurrency world, including Tesla Inc and BNY Mellon.

Reporting by Gertrude Chavez-Dreyfuss; Editing by Aurora Ellis

What Are The Main Benefits Of Comparing Car Insurance Quotes Online

LOS ANGELES, CA / ACCESSWIRE / June 24, 2020, / Compare-autoinsurance.Org has launched a new blog post that presents the main benefits of comparing multiple car insurance quotes. For more info and free online quotes, please visit https://compare-autoinsurance.Org/the-advantages-of-comparing-prices-with-car-insurance-quotes-online/ The modern society has numerous technological advantages. One important advantage is the speed at which information is sent and received. With the help of the internet, the shopping habits of many persons have drastically changed. The car insurance industry hasn't remained untouched by these changes. On the internet, drivers can compare insurance prices and find out which sellers have the best offers. View photos The advantages of comparing online car insurance quotes are the following: Online quotes can be obtained from anywhere and at any time. Unlike physical insurance agencies, websites don't have a specific schedule and they are available at any time. Drivers that have busy working schedules, can compare quotes from anywhere and at any time, even at midnight. Multiple choices. Almost all insurance providers, no matter if they are well-known brands or just local insurers, have an online presence. Online quotes will allow policyholders the chance to discover multiple insurance companies and check their prices. Drivers are no longer required to get quotes from just a few known insurance companies. Also, local and regional insurers can provide lower insurance rates for the same services. Accurate insurance estimates. Online quotes can only be accurate if the customers provide accurate and real info about their car models and driving history. Lying about past driving incidents can make the price estimates to be lower, but when dealing with an insurance company lying to them is useless. Usually, insurance companies will do research about a potential customer before granting him coverage. Online quotes can be sorted easily. Although drivers are recommended to not choose a policy just based on its price, drivers can easily sort quotes by insurance price. Using brokerage websites will allow drivers to get quotes from multiple insurers, thus making the comparison faster and easier. For additional info, money-saving tips, and free car insurance quotes, visit https://compare-autoinsurance.Org/ Compare-autoinsurance.Org is an online provider of life, home, health, and auto insurance quotes. This website is unique because it does not simply stick to one kind of insurance provider, but brings the clients the best deals from many different online insurance carriers. In this way, clients have access to offers from multiple carriers all in one place: this website. On this site, customers have access to quotes for insurance plans from various agencies, such as local or nationwide agencies, brand names insurance companies, etc. "Online quotes can easily help drivers obtain better car insurance deals. All they have to do is to complete an online form with accurate and real info, then compare prices", said Russell Rabichev, Marketing Director of Internet Marketing Company. CONTACT: Company Name: Internet Marketing CompanyPerson for contact Name: Gurgu CPhone Number: (818) 359-3898Email: [email protected]: https://compare-autoinsurance.Org/ SOURCE: Compare-autoinsurance.Org View source version on accesswire.Com:https://www.Accesswire.Com/595055/What-Are-The-Main-Benefits-Of-Comparing-Car-Insurance-Quotes-Online View photos

picture credit


to request, modification Contact us at Here or [email protected]