Total Crypto Market Cap Surged Above $2 Trillion

by in Cryptocurrency News

Crypto market cap above $2 trillion

Increasing around 3.43% over the previous 24 hours, the total crypto market cap surged above $2 trillion.

Related: German Institutional Funds Can Invest in Crypto From Aug. 2

BTC dominance currently is 44.5%. The market cap of the leading cryptocurrency stands at $894.2 B. Its price has gone up by around 9.8% over the week. At the moment BTC trades at around $47.600

Most of the cryptocurrencies have seen significant growth. Among the biggest gainers are Ethereum, Cardano, and Axie Infinity. Ethereum increased by about 11% over the week. Its current price is over $3.300. Since the launch of EIP 1559 on August 5, around 41.446 Ethereum tokens have been burned worth over $136 million.

ADA hit $2.19 ahead of Cardano smart contract announcement. This is the coin's highest price since May 18. ADA ranks 4th with a market cap of $69.6 B.

On August 11, NFT gaming platform Axie Infinity's native token AXS hit a new all-time high of $76.9 on CoinMarketCap a short while later after the platform surpassed $1 B in sales.

Other altcoins to mention are XRP, Dogecoin, and Polkadot. Their prices have gone up by 53.7%, 37.6%, and 11.6% respectively. XRP now trades at $1.17, Dogecoin at $0.29, and DOT at $23.