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The market value of digital currencies has reached a new historical high


The market value of digital currencies has set a new record, reaching $ 2.6 trillion. In addition, the number of altcoins with a market value of more than $ 1 billion has exceeded 100.

to the Report Crypto Slate, this event has led the digital currency market to surpass the overall value of technology giants such as Apple. Bitcoin is currently worth more than $ 1 trillion. As the data show, the digital currency market has set a new record thanks to the recent rise in the price of bitcoin.

Compared to the previous $ 2.55 trillion peak we saw in May, the new peak is a turning point for digital currencies; An industry whose instrument market value exceeds $ 100 billion. The market value of digital currencies increased by 233% compared to January (December 1999), which was 830 billion.

Studies show that the total market value of digital currencies is even higher than that of the world’s largest companies. For example, the stock market value of one of the world’s software giants, Microsoft, is estimated at $ 2.28 trillion, which is significantly different from the total market value of digital currencies.

The market value of digital currencies has reached a new historical high
Comparing the market value of the world’s top companies and Bitcoin

A quick look at the data reveals that Bitcoin, with a market value of $ 1.18 trillion, is the leader in the digital currency market, accounting for 45% of the total market capitalization. Interestingly, the number of altcoins with a market value of more than $ 1 billion has reached more than 100.

Each of the top 10 currencies in the market is worth more than $ 30 billion, and the average market value of the top 20 currencies exceeds $ 10 billion.

At the time of writing, Ethereum has a market capitalization of $ 458 billion and a market capitalization of about $ 79 billion. The market value of Tetra and Cardano is estimated at $ 70 and $ 60 billion, respectively.

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