Capitalization of the crypto market exceeds $1 trillion
This happened due to the rise in the value of bitcoin and Ethereum
18.07.2022 - 13:50
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What’s new? The cryptocurrency market capitalization has surpassed the $1 trillion mark again for the first time since June 13. As of July 18, it stands at $1,059 trillion, according to aggregator CoinGecko. This was due to the rise in the value of bitcoin and Ethereum. The BTC rose to a one-month high of $22 430 on the morning of July 18 and is trading at $22 213 as of 13:20 UTC, adding 4,85% overnight, according to Binance. ETH rose to $1481, up 10,11%.
Which altcoins contributed to capitalization growth? Among notable leaders of the day are Polygon (MATIC) and Ethereum Classic (ETC), which during the day reached $0,9 (+16,85%) and $22,94 (+21,18%), respectively. Avalanche (AVAX) also showed good growth, its price went up by 10,3% to $23,77 and Polkadot (DOT) grew by 6,63% to $7,56.
Short positions totaling more than $160 million have been liquidated in the last 24 hours as a result of the rise in BTC and ETH.
During the second quarter of 2022, the capitalization of the decentralized finance market (DeFi) decreased by 74,6%, from $142 million to $36 million. The reasons were the May collapse of the Terra ecosystem and the increasing hacking of DeFi platforms.
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Cryptocurrency rates
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Bitcoin
$98 503
BTC
-0.32%
-
Ethereum
$3 427.48
ETH
+2.32%
-
BNB Smart Chain
$579.4
BSC
+1.23%
-
Ripple
$1.46
XRP
-5.39%
-
Dogecoin
$0.437809
DOGE
-5.96%
-
Cardano
$1.06
ADA
-2.18%
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Stellar XLM
$0.564002
XLM
+30.31%
-
Polkadot
$8.94
DOT
+19.14%
-
Bitcoin Cash
$514.34
BCH
-4.49%
-
Litecoin
$101.94
LTC
-0.93%