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The cryptocurrency market grew by 16 times since the beginning of the year

Рынок криптовалют вырос в 16 раз с начала годаMarket capitalization has already exceeded $300 billion.

In the night from Sunday to Monday, the total market capitalization of cryptocurrencies for the first time rose above $300 billion. this is evidenced by the service Coinmarketcap.

As noted, the market capitalization has increased from $100 billion to $200 from June to November. In this case it took less than a month that it increased from $200 to $300 billion. Thus, since the cryptocurrency market has grown more than 16 times.

Now according to CoinMarketCap the total value of all trading on bitcoin exchanges is more than $304 billion, much of that value accounted for by the bitcoin capitalization is currently estimated at $162 billion In January this value was at the level of $15 billion.

These events occur on the background of the continuing growth rate of the first cryptocurrency, the price of which is steadily approaching the psychological mark of $10,000.

Index of dominance the first cryptocurrency was still relatively high and 53.5%. Also, bitcoin is the undisputed leader in the daily trading volume ($5.8 billion). On the other hand, the recent strong growth has also been demonstrated by many other cryptocurrencies, which could not affect the growth of the market.

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