Since March 22, the world’s crypto economy has managed to stay above the £1.52 trillion mark for the last five days. The cryptocurrency market capitalisation has increased by 1.3% in the last 24 hours, and it now stands at £1.59 trillion. On Sunday, the price of bitcoin surpassed £35,000, recording a market capitalisation of £660 billion.
During the last seven days, cryptocurrencies have increased in value, and the total value of the crypto economy has remained above £1.52 trillion for five days in a row. The first week of March was the last time that the crypto economy was valued at more than £1.52 trillion.
The price of bitcoin (BTC) reached a high of £35,300 per unit at 9:45 pm on Sunday, March 27, 2022.
Bitcoin (BTC) has gained 8.9% in the last seven days, while ethereum (ETH) has increased by 8.5% against the US dollar. Cardano (ADA) saw the best seven-day rise of the top ten largest crypto market capitalisations this week, with a gain of 26.5%.
The market capitalisation of the 13,421 crypto assets traded on 587 exchanges is at £1.59 trillion, up 1.3% in the last day.
Zilliqa (ZIL) gained 148% this week, convex finance (CVX) jumped 53.2%, and vechain (VET) spiked 44.9% in the last seven days.
On Sunday, the top privacy cryptocurrencies by market capitalisation gained by 3.4%, while the top smart contract platform coins rose by 1.7%. In addition, the top rebase tokens by market capitalisation gained by 9% against the US dollar in the last 24 hours.
While the crypto economy was valued at £1.59 trillion on Sunday, £59.5 billion in global trade volume on exchanges was witnessed over the last day.
At the time of press, bitcoin (BTC) boasts about 40.3% of the value of the crypto economy, while ethereum (ETH) controls 18% of the £1.59 trillion. The stablecoin tether (USDT), which enjoys a market dominance of roughly 3.84% today, has the third-largest crypto market valuation. On Sunday, the total value of the stablecoin economy was £143 billion.
Sunday also saw the total value locked (TVL) in decentralised finance (defi) hit £164 billion, up 1.04% in the last 24 hours. Anchor, Aave, Curve Finance, Lido, and Makerdao are the most popular defi protocols in terms of TVL.