The Capitalization of The Crypto Market Again Reached $2 Trillion

Over the past day, the cost of the first cryptocurrency increased by 4.6%, Ethereum - by 7.6% (according to the niche site CoinGecko). Inves...

Over the past day, the cost of the first cryptocurrency increased by 4.6%, Ethereum - by 7.6% (according to the niche site CoinGecko). Investor activity is increasing in the crypto market. The main interest is riveted to the so-called. "blue chips" and low-liquid crypto assets. These trends have caused the total capitalization of the token industry to once again reach $2 trillion.

Earlier, Sean Farrell, an analyst at the American company FSInsight, said that the cost of bitcoin could reach $200,000 per coin in the second half of this year. At the moment, BTC quotes remain at $44,300, while Ethereum positions are around $3,100. Among the top ten most capital-intensive crypto assets, Avalanche, Solana, and Binance Coin showed the highest growth - 12.4%, 10.1%, and 8.2%, respectively.

In addition, experts note that the number of Ethereum addresses with a balance of more than 0.1 ETH has reached a historical maximum. This may indicate that large players are starting to invest in this cryptocurrency, as this asset and its blockchain infrastructure are increasingly being used in various Defi applications.

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According to a PwC report, the value of corporate mergers and acquisitions (M&A) in the crypto industry has increased from $1.1 billion in 2020 to $55 billion at the moment. The increase was 4846%. The average volume of transactions in this market segment tripled, from $52.7 million to $179.7 million.