Cryptocurrency Market Cap Reaches $2.5 Trillion as ETH Price Touches $4,150

The cryptocurrency market cap touched an all-time high of $2.5 trillion on Monday after a significant jump in Ethereum. The price of ETH crossed $4,150 today, which is its highest level on record.

According to Coinmarketcap, the world’s second-largest cryptocurrency now has a market cap of nearly $480 billion. The latest price rally in Ethereum is driven by a massive surge in demand from retail and institutional investors.

The overall market cap of cryptocurrency assets is up by more than 200% since the start of this year. Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term, the world’s most valuable digital currency gained nearly 100% in 2021. The latest surge in Ethereum, Binance Coin, Dogecoin and XRP has played a major role in the significant jump of the crypto market cap this year.

Binance Coin (BNB), the world’s third-largest cryptocurrency, touched an all-time high of $685 billion today after a jump of more than 5% in the last 24 hours. XRP, Cardano, Polkadot and Bitcoin Cash were also up substantially in the last 24 hours.

Ethereum and Cryptocurrency Market

ETH’s crypto market dominance is gaining momentum amid the latest price surge. Ethereum now accounts for nearly 19% of the overall cryptocurrency market cap, which is a significant jump compared to just 11% in December 2020. Institutional interest in Ethereum is leading the recent price jump. According to the latest data published by crypto Analytics Analytics Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Analytics may be defined as the detection, analysis, and relay of consequential patterns in data. Analytics also seeks to explain or accurately reflect the relationship between data and effective decision-making. In the trading space, analytics are applied in a predictive manner in an attempt to forecast the price more accurately. This predictive model of analytics generally involves the analysis of historical price patterns that are used in an attempt to determine certain price outcomes. Analy Read this Term and research platform Bloqport, Purpose Ethereum ETF has added more than 31,000 ETH in the last 20 days; Grayscale has more than 3 million Ethereum under management with a total value of over $12 billion; and Smart Contracts now hold nearly 23% of the total ETH supply amid a jump in DeFi-related products. However, the supply of the world’s second-largest cryptocurrency at leading digital exchanges is plunging. According to the latest data published by on-chain analytics firm Glassnode, cryptocurrency exchanges now hold nearly 12% of the total ETH supply, compared to 17% in September 2020.

The deposit contract of ETH 2.0 now has more than 4.4 million staked Ethereum worth over $18 billion.