{"id":220518,"date":"2021-04-06T19:38:52","date_gmt":"2021-04-06T16:38:52","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/cryptocurrency-market-value-tops-2-trillion-for-first-time\/"},"modified":"2021-04-06T19:38:52","modified_gmt":"2021-04-06T16:38:52","slug":"cryptocurrency-market-value-tops-2-trillion-for-first-time","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/cryptocurrency-market-value-tops-2-trillion-for-first-time\/","title":{"rendered":"#Cryptocurrency market value tops $2 trillion for first time"},"content":{"rendered":"

“#Cryptocurrency market value tops $2 trillion for first time<\/strong>”<\/p>\n

\n

The cryptocurrency market\u2019s total value climbed past $2 trillion for the first time this week as big-name corporations continued to embrace the digital assets.<\/p>\n

Cryptocurrency\u2019s market capitalization crossed the milestone Monday evening before dropping to about $1.99 trillion late Tuesday morning, according to crypto data tracker CoinGecko.com<\/a>.<\/p>\n

That puts cryptocurrencies on par with the value of massive publicly traded companies such as App<\/a>le and Saudi Aramco, whose market caps have also hit $2 trillion in recent years.<\/p>\n

\u201cThe crypto market is facilitating the greatest wealth transfer in the history of the world,\u201d Brock Pierce, a cryptocurrency entrepreneur and chairman of the Bitcoin Foundation, told The Post.<\/p>\n

\u201cThe underlying technology<\/a> is remarkable, but the power and influence associated with $2 trillion of wealth being in the hands of new people, we have never seen the influence be in the hands of the \u2018new powers that be,’\u201d he added.<\/p>\n

\"Electronic
Cryptocurrencies are on par with the value of massive publicly traded companies such as Apple and Saudi Aramco.<\/figcaption>
EPA<\/span><\/figcaption><\/figure>\n

The crypto market has roughly doubled in value in a little more than two months as a growing number of companies hopped on the bandwagon.<\/p>\n

Wall Street titan Morgan Stanley, for instance, recently started offering bitcoin investments to its wealthy clients, according to CNBC<\/a>. And PayPal announced last week that it would enable customers to pay with cryptocurrency at millions of online stores.<\/p>\n

More than half the market is concentrated in bitcoin, which is worth nearly $1.1 trillion at a price of $57,871.46 per coin, CoinGecko data show.<\/p>\n

\"Coinbase
\u201cThe crypto market is facilitating the greatest wealth transfer in the history of the world,\u201d said Brock Pierce, a cryptocurrency entrepreneur and chairman of the Bitcoin Foundation.<\/figcaption>
Getty Images<\/span><\/figcaption><\/figure>\n

The latest spike, however, appeared to be fueled by Ether, which is the second-largest digital coin by market value. Its price has surged 181 percent this year and climbed as high as $2,151.25 late Monday before slipping Tuesday morning, according to CoinDesk<\/a>.<\/p>\n

Ether runs on the Ethereum blockchain network, which also powers much of the booming market for non-fungible tokens, the digital collectibles craze that\u2019s attracted everyone from the NBA to Twitter<\/a> CEO Jack Dorsey.<\/p>\n

\"The
The crypto market has roughly doubled in value in a little more than two months.<\/figcaption>
Pavlo Gonchar\/SOPA Images\/LightRocket via Getty Images<\/span><\/figcaption><\/figure>\n

The Christie\u2019s auction house even reportedly took Ether as payment for an NFT by the digital artist Beeple that sold for $69 million last month.<\/p>\n

\u201cThe interest and attention surrounding NFT\u2019s is certainly contributing to the recent rise,\u201d Pierce said.\n <\/p><\/div>\n

If you liked the article, do not forget to share it with your friends. Follow us on\u00a0Google News<\/a><\/span>\u00a0too, click on the star and choose us from your favorites.<\/span><\/strong><\/p><\/blockquote>\n

\n

For forums sites go to Forum.BuradaBiliyorum.Com<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

\n

If you want to read more News<\/a> articles, you can visit our News category.<\/a><\/span><\/strong><\/p>\n<\/blockquote>\n

Source<\/a><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"

“#Cryptocurrency market value tops $2 trillion for first time” The cryptocurrency market\u2019s total value climbed past $2 trillion for the first time this week as big-name corporations continued to embrace the digital assets. Cryptocurrency\u2019s market capitalization crossed the milestone Monday evening before dropping to about $1.99 trillion late Tuesday morning, according to crypto data tracker…<\/p>\n","protected":false},"author":1,"featured_media":220519,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/04\/crypto-trillion-currency-03.jpg?quality=90&strip=all&w=1200","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,100971,76127,70360],"class_list":["post-220518","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-4-6-21","tag-cryptocurrency","tag-wall-street"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220518","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/comments?post=220518"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/220518\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/220519"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=220518"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=220518"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=220518"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}