Global Crypto Market Shoots To $2 Trillion After Crash

For the second time in as many days, Bitcoin has surpassed the $46,000 mark (more than Rs 34 lakh for a single coin). With a market cap of more than $848 billion, according to CoinMarketCap, the most popular cryptocurrency has been trading in the green recently.

First in nearly three months, the global cryptocurrency market reached $2 trillion on Friday. Industry participants said the surge in market cap indicates a wider acceptance of crypto assets around the world, including in India.

For the second time in as many days, Bitcoin has surpassed the $46,000 mark (more than Rs 34 lakh for a single coin).

According to CoinMarketCap, the most popular cryptocurrency is trading in the green with a market worth of more than $848 billion.

Many brands throughout the world are now accepting cryptocurrencies as a form of payment, indicating that crypto assets are on their way to becoming mainstream.

WazirX, a cryptocurrency exchange in India, has seen a tremendous 2,648 percent increase in user signups from the country’s tier 2 and 3 cities, with women from smaller villages participating at a higher rate than their metropolitan counterparts.

“Crypto has immense potential to remove the financial barriers for rural India, and provide cheaper access to capital, more online jobs,” – Nischal shetty

Entrepreneur Jeff Booth concluded his theory about inflation and praised bitcoin again in his corresponding tweets.

In another tweet he wrote about “how advancing technology will help humanity in near future”.

In between Carl Moon Mocked Anti bitcoin believer and wrote something funny.

Ethereum had also risen in price, reaching $3,200 and a 21 percent gain. At the time of writing, the price of Ethereum on was $3,124.63, down 3.16 percent in the last 24 hours.

However, with a 12.54 percent increase in the last week, the altcoin has maintained its green trading trend.

Over the last week, other altcoins have also proven that they are trading in the green. Binance Coin, Tether, Cardano, and XRP are all currently trading at 17.55 percent, 0.04 percent, 43.56 percent, and 36.59 percent, respectively.

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