The cryptocurrency market is now worth more than $3 trillion.
The little more than a decade old market for digital assets has already roughly quadrupled from its 2020 year-end value, as investors have gotten more comfortable with established tokens such as Bitcoin and networks like Ethereum and Solana continue to upgrade and attract new functionality. Excitement about the possibilities of decentralized finance and non-fungible tokens is growing, and memecoins like Dogecoin and Shiba Inu continue to attract attention.
“Bitcoin appears to be pushing out of a bullish flag pattern, and Ether is likely to confirm a long-term breakout on a close above resistance this Friday,” said Katie Stockton, founder and managing partner of Fairlead Strategies, in a note.
As of 4:15 a.m. in New York, the overall market cap of cryptocurrencies was $3 trillion, according to CoinGecko pricing. The third- and fourth-biggest tokens, Binance Coin and Solana, have added more than 20% in the past seven days; all of the seven biggest coins are up over the last week.
Bitcoin rose as much as 5.8% on Monday to $66,539, nearing its previous record of about $67,000. Ether advanced as much as 3.6% to a new high of $4,7958.
Crypto companies such as miners Marathon Digital Holdings Inc. and Riot Blockchain Inc. each rallied more than 10% Monday. Coinbase Global Inc., the largest U.S. exchange, gained as much as 3.6%, a day before reporting third-quarter results.
Of course, crypto is notoriously volatile. The last time Bitcoin reached these levels, it fell back several thousand dollars, and it’s undergone multiple corrections that take it down by half or more. Other coins are even more volatile — the memecoins bounce back and forth wildly at times — and scams and hacks occur with some frequency.
Bitcoin’s current rally has been fueled by the U.S. trading debut of a Bitcoin-linked ETF as well as Elon Musk’s weekend Twitter poll, said Ben Caselin, head of research and strategy at crypto exchange AAX. “With Shiba and other memecoins having surged recently, and Facebook’s rebranding to Meta, interest in altcoins continues to rise.”
–With assistance from Emily Graffeo.
FAQs
Cryptocurrency Prices Today By Market Cap
The global cryptocurrency market cap today is $2.52 Trillion, a +0.62% change in the last 24 hours.
What is the most valuable cryptocurrency now? ›
Is the crypto market cap $3 trillion? ›
On Tuesday, the cryptocurrency market soared to an all-time high, reaching a market cap of $3 trillion, as the world's two largest cryptocurrencies surged to record highs. Bitcoin has rallied more than 6% since Nov.
What is crypto going to do in 2024? ›
A recent report predicts that Bitcoin will reach a new all-time high in 2024. Bitcoin (BTC) is expected to reach a new record of $88,000 (€82,000) throughout the year, before it settles around $77,000 at the end of 2024, according to a new report. The cryptocurrency's current price sits at around $43,000.
Which coin is best to buy now? ›
Best Crypto To Buy Now
- Bitcoin (BTC) Market cap: $1.2 trillion. ...
- Ethereum (ETH) Market cap: $358.3 billion. ...
- Tether (USDT) Market cap: $110.6 billion. ...
- Binance Coin (BNB) Market cap: $82.7 billion. ...
- Solana (SOL) Market cap: $61.5 billion. ...
- U.S. Dollar Coin (USDC) Market cap: $33.1 billion. ...
- XRP (XRP) ...
- Dogecoin (DOGE)
Who Owns the Most Bitcoins? Satoshi Nakamoto, the pseudonymous creator of Bitcoin, is believed to own the most bitcoins, with estimates suggesting over 1 million BTC mined in the early days of the network.
What is the number 1 crypto currency? ›
What is the number 1 crypto coin? ›
How long does it take to mine 1 Bitcoin? ›
How Long Does It Take to Mine 1 Bitcoin? The reward for mining is 3.125 bitcoins. It takes the network about 10 minutes to mine one block, so it takes about 10 minutes to mine 3.125 bitcoins.
How can I mine Bitcoin? ›
The first step to mining Bitcoin at home is to build or purchase a mining rig. A mining rig is a computer specifically designed for mining cryptocurrencies. It will typically consist of multiple GPUs that are capable of performing complex mathematical calculations at high speeds.
Over 14,000 cryptocurrencies have failed, with bull runs seeing the most casualties. Most failed projects debuted in 2021, highlighting challenges for new entrants. 2023 sees significant drop in failures, suggesting improved project quality.
How many bitcoins are left to mine? ›
How Many Bitcoins Are There Now in Circulation?
| Total BTC in Existence | 19,697,137.5 |
|---|
| Bitcoins Left to Be Mined | 1,302,862.5 |
| % of Bitcoins Issued | 93.796% |
| New Bitcoins per Day | 900 |
| Mined Bitcoin Blocks | 841,542 |
Bitcoin Overview
| Year | Minimum Price | Average Price |
|---|
| 2024 | $84,475.55 | $87,676.23 |
| 2025 | $121,440.85 | $124,947.50 |
| 2026 | $166,264.37 | $171,262.87 |
| 2027 | $251,829.81 | $258,680.13 |
8 more rows4 days ago
Here are six of the best cryptocurrencies to buy now:
- Bitcoin (BTC)
- Ether (ETH)
- Solana (SOL)
- Avalanche (AVAX)
- Polygon (MATIC)
- Cardano (ADA)
If Wood is correct and Bitcoin does reach $3.8 million by 2030, an investment of $1,000 would be worth over $60,000. This would result in a compound annual growth rate (CAGR) of over 100%. Read Next: Bitcoin has jumped another 45% already this year – how much would you need to get started today?
How many cryptocurrency is in the world? ›
The first cryptocurrency was Bitcoin, which was first released as open-source software in 2009. As of June 2023, there were more than 25,000 other cryptocurrencies in the marketplace, of which more than 40 had a market capitalization exceeding $1 billion.
How many cryptocurrencies exist in the world? ›
As of March 2024, there are 13,217 cryptocurrencies in existence. However, not all cryptocurrencies are active or valuable. Discounting many “dead” cryptos leaves only around 8,985 active cryptocurrencies.
How much money is in Bitcoin right now? ›
Price of BTC today
The live price of Bitcoin is $ 63,086.57 per (BTC / USD) with a current market cap of $ 1,242.41B USD. 24-hour trading volume is $ 32.51B USD. BTC to USD price is updated in real-time.
How much Bitcoin is in the world? ›
How Many Bitcoins Are There Now in Circulation?
| Total BTC in Existence | 19,693,693.75 |
|---|
| Bitcoins Left to Be Mined | 1,306,306.3 |
| % of Bitcoins Issued | 93.779% |
| New Bitcoins per Day | 900 |
| Mined Bitcoin Blocks | 840,991 |
