When Bitcoin’s value exceeds $ 60,000, the world’s crypto market capitalization reaches a historic high of $ 2.5 trillion.

According to cryptocurrency tracker CoinMarketCap, the market capitalization of all cryptocurrencies combined has exceeded the $ 2.5 trillion milestone. In this development, Bitcoin, the world’s most valuable cryptocurrency, will be traded on the Indian exchange CoinSwitch Kuber for over $ 65,000 and on the international exchange for over $ 62,000. It is done when you are. , After a short drop. With this tremendous reputation, the global crypto market has outperformed Apple and Microsoft in terms of market capitalization. Apple’s valuation is $ 2.39 trillion (about 1,79,17,949 rupees), while Microsoft’s limit is $ 2.28 trillion (about 1,70,93,276 rupees).

At the beginning of 2021 Cryptocurrency It was about 830 billion dollars (about 62,21,688 rupees). Since then, the rating has witnessed a significant growth of 233 percent.

According to data from a statistical company CoinMarketCap, Bitcoin, Ethereum, Binance Coin, and Cardano Recently, it has emerged as a popular crypto token.

The report also suggests that Bitcoin’s position plays an important role in influencing its position in other altcoin markets. Bitcoin’s value currently accounts for about 45% of the market capitalization of cryptocurrencies, according to a survey by.

Ethereum, on the other hand, accounts for 17% of the market capitalization of cryptocurrencies, accounting for $ 458 billion (approximately Rupee 34,34,771).

Despite being reluctant to hire, especially from countries such as China and Russia, the global crypto market is clearly expanding rapidly.

Earlier last month, billions of crypto supporters Elon Musk Also, these virtual currencies Can’t be destroyed, And their growth is inevitable.

Some investors including Mark Cuban We also call Bitcoin modern gold — throwing crypto tokens at one of the most valuable substances on earth.

Currently, Asian countries such as Vietnam, India, and Pakistan are emerging as potential crypto mammoth countries.

In the 12 months to June 2021, the cryptocurrency market grew 706%, reaching a value of $ 572.5 billion in Central and South Asia, and the Oceania (CSAO) region alone. .. report Market research firm Chainalysis said.

The Indian industry group NASSCOM predicts that the cryptocurrency market will grow several times over the next five years, or by 2026.

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Cryptocurrencies are unregulated digital currencies, not fiat currencies and are subject to market risk. The information provided in this article is not intended or constitutes any financial advice, transactional advice, or other advice or recommendations provided or endorsed by NDTV. NDTV shall not be liable for any loss resulting from an investment based on the recognized recommendations, forecasts or other information contained in the article.

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