The crypto market cap is back above $2 trillion following the general resurgence of digital currencies across the board. In the last 24 hours, the total capitalization of the crypto market increased by approximately 3.89%, or $76 billion. Before the sizable increment, it stood at around $1.95 trillion.
Leading coin Bitcoin (BTC), in particular, has been on a tear, currently changing hands well above the $44K threshold. In fact, earlier today March 25th the token surged past $48K. According to CoinMarketCap, BTC’s current price level represents a 4.53% jump over the last 24 hours. The prominent digital currency has now managed a price upswing of 10.72% in the last seven days.
BTC is in a strong run of form, with bulls showing no signs of stopping anytime soon. Last week, the prominent crypto broke through the $40K price level. As of now, it is comfortably perched above the $34K-$44K rut it has been trading in since the beginning of the year. Moreover, an in-depth market analyzer Finbold recently reported that the number of addresses holding BTC is at a record high of 40 million+. Along with the strong bullish run, this massive number also puts in perspective the amount of BTCs taken off crypto exchanges.
As at press time, nearly all the top 20 digital currencies are trading in the green.
Image Credits: Pixabay
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