{"id":364027,"date":"2021-11-08T16:31:02","date_gmt":"2021-11-08T13:31:02","guid":{"rendered":"https:\/\/en.buradabiliyorum.com\/crypto-market-passes-3-trillion-in-value-as-bitcoin-surges\/"},"modified":"2021-11-08T16:31:02","modified_gmt":"2021-11-08T13:31:02","slug":"crypto-market-passes-3-trillion-in-value-as-bitcoin-surges","status":"publish","type":"post","link":"https:\/\/buradabiliyorum.com\/en\/crypto-market-passes-3-trillion-in-value-as-bitcoin-surges\/","title":{"rendered":"#Crypto market passes $3 trillion in value as bitcoin surges"},"content":{"rendered":"<p>&#8220;<strong>#Crypto market passes $3 trillion in value as bitcoin surges<\/strong>&#8221;<\/p>\n<div>\n<aside class=\"single__inline-module alignleft\">\n<\/aside>\n<p>The total value of the cryptocurrency market shot past $3 trillion Monday morning as the price of bitcoin and other major cryptos rose in a bull market. <\/p>\n<p>The sector\u2019s overall market cap rose by about 3.6 percent in the past 24 hours, pushing it above $3 trillion for the first time Monday morning, according to <a rel=\"nofollow noopener\" target=\"_blank\" href=\"https:\/\/www.coingecko.com\/en\">pricing data from CoinGecko<\/a>. <\/p>\n<p>The price of bitcoin swelled by more than 6 percent over the same period and was last seen trading at $65,931 per coin, just shy of its all-time high, which it notched last month.<\/p>\n<p>At the same time, Ethereum, the second-largest cryptocurrency in the world, powered higher to a new all-time high above $4,700 per coin. The digital coin was up more than 2.5 percent over the past 24 hours.<\/p>\n<p>The third- and fourth-biggest tokens, Binance Coin and Solana, fell over the past 24 hours but have posted huge rallies of more than 20 percent over the past week. <\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"682\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Ethereum.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"Ethereum hit a new all-time high above $4,700 per coin.\" class=\"wp-image-20067082\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Ethereum.jpg?quality=90&amp;strip=all&amp;w=1535 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Ethereum.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/Ethereum.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>Ethereum hit a new all-time high above $4,700 per coin.<\/figcaption><figcaption><span class=\"credit\">Hollandse-Hoogte via ZUMA Press<\/span><\/figcaption><\/figure>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"710\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/crypto-three-trillion-market004.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"The value of the cryptocurrency market shot past $3 trillion on November 8, 2021. Rising 3.6 percent in the past 24 hours. \" class=\"wp-image-20067108\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/crypto-three-trillion-market004.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/crypto-three-trillion-market004.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/crypto-three-trillion-market004.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The value of the cryptocurrency market shot past $3 trillion on November 8, 2021.<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Arnd Wiegmann<\/span><\/figcaption><\/figure>\n<p>But the crypto industry is notoriously volatile, which is arguably much of the <a href=\"https:\/\/buradabiliyorum.com\/en\/category\/download-scripts-themes-apps\/\" data-internallinksmanager029f6b8e52c=\"9\" title=\"Download Scripts &amp; Themes &amp; Apps\" target=\"_blank\" rel=\"noopener\">app<\/a>eal for speculators who hope to predict massive price run-ups. <\/p>\n<p>Last month, when bitcoin approached similar price levels, it quickly fell back a few thousand dollars per coin. <\/p>\n<p>And before that, in April, the price of bitcoin reached close to its current price before seeing a major correction that slashed its value in half before it came roaring back.<\/p>\n<figure class=\"wp-block-image size-large\"><img decoding=\"async\" loading=\"lazy\" width=\"1024\" height=\"738\" src=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/209071610.jpg?quality=90&amp;strip=all&amp;w=1024\" alt=\"The price of bitcoin swelled by more than 6 percent over the same period and was last seen trading at $65,931 per coin.\" class=\"wp-image-20067127\" srcset=\"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/209071610.jpg?quality=90&amp;strip=all&amp;w=2048 2048w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/209071610.jpg?quality=90&amp;strip=all&amp;w=1536 1536w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/209071610.jpg?quality=90&amp;strip=all 1024w, https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/209071610.jpg?quality=90&amp;strip=all&amp;w=512 512w\" sizes=\"auto, (max-width: 1024px) 100vw, 1024px\"\/><figcaption>The price of bitcoin swelled by more than 6 percent over the same period and was last seen trading at $65,931 per coin.<\/figcaption><figcaption><span class=\"credit\">REUTERS\/Edgar Su<\/span><\/figcaption><\/figure>\n<p>Other smaller cryptocurrencies pose an even greater risk to investors. Many have seen extremely volatile price moves doubling or having their value halved in a day at times. <\/p>\n<p>Beyond the volatility of the sector, a handful of extremely small coins have ended up being outright scams in which developers take off with all the invested funds. <\/p>\n<p>Still, the overall size of the market has grown explosively this year. The total value is almost four times higher than it was at the end of last year.\n                        <\/p><\/div>\n<blockquote><p><strong><span style=\"color: #ff6600;\">If you liked the article, do not forget to share it with your friends. 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The sector\u2019s overall market cap rose by about 3.6 percent in the past 24 hours, pushing it above&#8230;<\/p>\n","protected":false},"author":1,"featured_media":364028,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"fifu_image_url":"https:\/\/nypost.com\/wp-content\/uploads\/sites\/2\/2021\/11\/crypto-three-trillion-market-preview-1.jpg?quality=90&strip=all&w=1024","fifu_image_alt":"","footnotes":""},"categories":[70897],"tags":[74862,118618,76127,72588],"class_list":["post-364027","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news","tag-bitcoin","tag-11-8-21","tag-cryptocurrency","tag-money"],"_links":{"self":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364027","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=364027"}],"version-history":[{"count":0,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/posts\/364027\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media\/364028"}],"wp:attachment":[{"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/media?parent=364027"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/categories?post=364027"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/buradabiliyorum.com\/en\/wp-json\/wp\/v2\/tags?post=364027"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}