The total market capitalization of cryptocurrencies has again risen above the $2 trillion threshold after the decline in mid-January.
The total value of 12,440 cryptocurrencies listed on 544 cryptocurrency exchanges has increased by 6.64% in the last 24 hours, reaching $2.02 trillion.
Cryptocurrency Economy Overcomes $2 Trillion Barrier
With cryptocurrencies climbing this week, the total crypto market cap has moved up abruptly.
After the big rise in January, there was an entry of 500 billion dollars into the crypto market. According to statistics, on January 24, 2022, the total market value of cryptocurrencies decreased to $ 1.5 trillion.
Since then, the market’s overall value has risen more than 36%, hitting a peak of $2.08 trillion on February 7, 2022. bitcoin when dominance is at 39.4% Ethereum’s Its share in the total cryptocurrency market was 17.9%.
NFT Sales Decreased
NFT sales have slumped over the past week as the crypto economy has rebounded above $2 trillion and many tokens have posted huge gains.
A total of 309,418 traders made 1,449,578 transactions in the NFT market, with a total of $967.5 million spent. While the weekly NFT sales indicator decreased by 7.83% compared to the previous week, the decrease was recorded as 9.15% in transactions with Ethereum.
Despite this, blockchains are the second and third largest in NFT sales. wither and Avalanche On the other hand, there was an interesting rise in sales above. Solana’s NFT sales increased by 5.69%, while Avalanche’s rate was 36.34%.