The crypto market looks great today and the week started in full force for the investors.
The most important coins are trading in the green and more great news pops up amidst the positive sentiment floating around the crypto space.
CoinDesk revealed that the crypto market cap surpassed $2 trillion for the first time since mid-May as Bitcoin led the rally, according to CoinMarketCap data.
“Bitcoin climbed up to $48,048 early Monday, the highest level since May 17,” CoinDesk data show.
The same online publication notes that the world’s largest crypto is joined by ether and cardano, which have surged 11% and 53% in the last seven days respectively.
The crypto market cap dropped as low as $1.19 trillion on July 20, according to data from CoinMarketCap – this means the sector has almost doubled in value in less than a month. This is extremely great news.
“After a touching a peak of more than $2.5 trillion on May 12, crypto pulled back and saw a couple of months of downward pressure as the mining crackdown in China took hold,” CoinDesk notes.
Capital stored in BTC reaches a new ATH
A few days ago, we were revealing that Willy Woo just dropped a pretty important tweet on social media, and you can check it out below.
The capital stored in the #Bitcoin network just broke an all-time-highs.
The network has more money in it today at $47k than it did at $64k in April.
Realised Cap estimates this by summing the price paid for every coin in BTC’s circulating supply. https://t.co/a7cCbXAmXS
— Willy Woo (@woonomic) August 14, 2021
Stay tuned for more relevant news from the crypto space, and make sure to keep your eyes peeled on the markets.
At the moment of writing this article, BTC is trading in the green and the king coin is priced at $47,216.01.