Good News, Global Crypto Remains At 2 Trillion US Dollars For The Last Five Days

Global crypto assets managed to stay at the 2 trillion US dollar mark. (Pixabay)

JAKARTA - Digital cryptocurrencies have increased in value in the last seven days and for five consecutive days, the total value of the crypto economy has held above 2 trillion US dollars, a very fantastic figure. The last time the crypto economy was above the $2 trillion zones was during the first week of March.

On Monday, March 28, Bitcoin reached its highest value, which is US$46,848 or IDR 672.877 million per unit. The value of Bitcoin itself has increased by 4.9 percent in the last 24 hours, while Ethereum is up 5.2 percent against the US dollar. Of the ten largest crypto market caps, Cardano (ADA) experienced the largest over the past week with 35.0 percent.

Bitcoin Reaches Highest Value

According to data from CoinGecko from March 19 to March 26, Bitcoin rose above US$46K which was its highest value and at the same time, Ethereum surged above US$3,310. There are currently 13,421 crypto assets traded on 587 exchanges with a market valuation of 2.1 trillion US dollars and an increase of 4.9 percent over the past day.

The biggest gains over the past seven days were Zilliqa (ZIL) up 141.5 percent, Convex Finance (CVX) jumping 61.7 percent higher, and Vechain (VET) rising 44.9 percent in the last week of March.

The top privacy coin by market valuation increased by 3.4 percent in 24 hours, and the top smart contract platform coin by market cap rose in value by 1.7 percent on Monday.

Furthermore, the top rebase tokens by market cap increased by 9 percent over the last 24 hours against the US dollar. While the value of the crypto economy was 2.1 trillion US dollars on Monday, for 24 hours there was 78.5 billion US dollars in global trading volume on exchanges.

For information at the time of writing, Bitcoin has a market dominance of about 40.4 percent of the value of the crypto economy and Ethereum represents 18.1 percent of the US$2.1 trillion. Stablecoin tether (USDT), which is the third largest crypto market valuation, has a current market dominance of around 3.68 percent.