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Crypto market cap breaks $1 trillion following jaw-dropping rally

Published 01/06/2021, 07:01 PM
Updated 01/07/2021, 01:00 PM
Crypto market cap breaks $1 trillion following jaw-dropping rally
BTC/USD
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The total cryptocurrency market capitalization — a major bellwether for the overall health of the digital asset class — broke $1 trillion for the first time ever at 19:00 ET on Tuesday January 6th. Bitcoin briefly topped $37,000 around the same time, marking a new record high.

Measured by market cap, the crypto asset class has virtually doubled over the past month as Bitcoin (BTC) broke out to new all-time highs and Ether (ETH) cleared $1,100 for the first time in three years. Combined, both assets account for roughly two-thirds of the overall market.

The top of the last crypto bull market in early 2018 by CoinMarketCap
Altseason peaked in early 2018 during the last cycle, according to CoinMaketCap

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