Cryptocurrency market capitalization exceeded $2 trillion

by in Cryptocurrency News

Crypto

Over the past 24 hours, the value of all cryptocurrencies has grown by about 8%. On Tuesday, April 27, market capitalization reached $ 2.083 trillion.

Moreover, altcoins are growing in price at a more confident pace compared to bitcoin (BTC). It was this factor that made many traders and analysts announce the beginning of the so-called "altseason".

Ether (ETH) and Binance Coin (BNB) have grown today to $ 2,542 and $ 540, respectively. Cardano (ADA), Dogecoin (DOGE), Litecoin (LTC), and ChainLink (LINK) are also currently trading in the green zone.

The UniSwap DeFi token (UNI) shows the best performance for the second day in a row. This coin soared another 14.5% to $ 40.5. UNI capitalization is now just over $20.8 billion.

Trending: S&P Dow Jones Indices Issued BTC and Ether Indexes

Bitcoin added about 3% in value during Asian trading. Its rate reached $54,000, and the cryptocurrency capitalization exceeded $1 trillion again.

BTC fell to $ 47,500 on April 26, the lowest since early March 2021.

The fall of the coin to a two-month low has revitalized the market, experts say. Investors have come to the cryptosphere, ready to invest in bitcoin at a price below $ 50,000.

Trending: E-Commerce Company Mercado Libre Made $7.8 M BTC Purchase

Moreover, analysts are convinced that we, most likely, will not see such a painful rollback. Fundamentally, the situation is improving qualitatively.

According to CryptoQuant, the BTC exchange balance is shrinking. Miners are gradually reducing cryptocurrency sales, which relieves pressure. These factors will keep the market in the green zone, experts say.