After a staggering growth in the four months of 2021, May and June have been pretty dynamic for the global crypto market. First, the regulatory concerns in
Nevertheless, the world's largest crypto coins still grew their market cap significantly compared to January figures.
According to data presented by BlockArabia.com, the combined market capitalization of Bitcoin, Ethereum and Tether, as the top three cryptocurrencies, amounted to over
Bitcoin's Market Cap Grew by 30% Since January
After a fantastic performance throughout 2020, the world's leading cryptocurrencies exploded in 2021, causing the global crypto market cap to hit a new record high. In the first week of May, the combined value of all crypto coins hit
Bitcoin, the biggest digital currency, accounted for 45% of that value. The CoinMarketCap data show its price rallied over 100% in five months of 2021, helping its market cap hit
However, by the end of last month, the flagship cryptocurrency fell to more than three-month lows, dropping to about
The unexpected pullback in Bitcoin and other cryptocurrencies came as a flurry of negative headlines and catalysts, from
Statistics show that Bitcoin's market cap dropped by around 30% in the last month reaching
Ethereum Market Cap Soared by 225% in Six Months
The latest boost in the crypto market has been equally driven by impressive Ethereum growth. After an outstanding performance throughout the last year, Ethereum's market cap surged by 425% in the five months of 2021, rising from
After the crypto price crash, Ethereum's market cap almost halved in just three weeks, falling to
Statistics also show that Ethereum's daily trading volume more than doubled in the last year, rising from
As the world's third-largest cryptocurrency, Tether's market cap hit
The full story can be read here: https://blockarabia.com/pr/combined-market-cap-of-bitcoin-ethereum-and-tether-up-by-396b-ytd-despite-crypto-price-crash/
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