1 Trillion Market Cap Cryptocurrency at Breaking News

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1 Trillion Market Cap Cryptocurrency, It hit a record high of $2,144.99 last friday. A crypto market cap of $1t means a bitcoin price of around $25,000. The cryptocurrency market crashed wednesday, with the market cap losing nearly $1 trillion.

Bitcoin Soars Past 1 Trillion Market Capitalization after
Bitcoin Soars Past 1 Trillion Market Capitalization after from www.coinspeaker.com

That's how much value was wiped out of the cryptocurrency market at one point wednesday. The world’s largest cryptocurrency crossed $55,000 for the first time since may 2021. The cryptocurrency market is sitting comfortably with a market cap of $1.0 trillion.

Bitcoin Soars Past 1 Trillion Market Capitalization after from Nice Breaking News

This means that the crypto industry is now a tenth of the gold market cap that stands at $10 trillion. Despite being priced at over $58,000. That's how much value was wiped out of the cryptocurrency market at one point wednesday. With over 8,000 cryptocurrencies and 33,000 markets, the cryptocurrency industry is booming. The total value of all cryptocurrencies passed $1 trillion wednesday for the first time ever, per coingecko's index of 6,124 assets.