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The value of the cryptocurrency market surpasses $ 2 trillion for the first time


Thank you for the increased interest in Bitcoin and etherEarlier this week, the market value of cryptocurrencies topped $ 2 trillion for the first time.

Bitcoin According to Reuters, it hit its own benchmark when it hit a market cap of 1 trillion alone and held it for a week. In mid-March, a bitcoin was worth just over $ 61,000. As of this writing, it’s now worth over $ 56,000.

The value of the cryptocurrency market surpasses $ 2 trillion for the first time
The value of the cryptocurrency market surpasses $ 2 trillion for the first time

And as more and more companies, including Visa and PayPalAn equally growing number of investors are banking on ether, the second largest digital currency that supports the Ethereum blockchain, according to CNBC. While the Bitcoin blockchain facilitates crypto transactions, the Ethereum blockchain allows users to spend digital currencies for applications.

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Market value aside, Bitcoin and Ethereum aren’t the only cryptocurrencies that are getting attention, an expert told Reuters. Other digital assets are also gaining in importance. This in turn suggests that the market value of Cryptocurrencies it could be higher in the future.

“As the industry matures, we expect more applications based on Blockchain in the world and at the same time an increasing interest in other alternative assets … if they are better prepared for the market, “Paolo Ardoino, chief technology officer at Cryptocurrency Exchange Bitfinex, told the point of sale.

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