The crypto economy has managed to stay above the $2 trillion mark for the past five days since March 22. Currently, the cryptocurrency’s global market cap is up 1.3% in the last 24 hours as the valuation stands at $2.1 trillion today. Additionally, bitcoin price jumped above the $46,000 zone on Sunday, reaching a market cap of $870 billion.
Digital assets up this week, Bitcoin hits $46k, TVL in defi holds over $200bn
Digital currencies have appreciated in value over the past seven days and for five consecutive days the total value of the crypto economy has surpassed $2 trillion. The last time the crypto economy was above the $2 trillion zone was in the first week of March.
On Sunday, March 27, 2022 at 4:45 p.m. ET, Bitcoin (BTC) price peaked at $46,615 per unit.
Over the past seven days, Bitcoin (BTC) is up 8.9% and Ethereum (ETH) is up 8.5% against the US Dollar. Out of the top ten crypto market caps, Cardano (ADA) posted the biggest seven-day gain this week at 26.5%.
The crypto economy has managed to stay above the $2 trillion mark for five straight days. Data from coingecko.com from March 19 to March 26, 2022. Bitcoin surged above $46,000 at 4:45 p.m. ET while Ethereum jumped above $3,220 on Sunday.
The 13,421 crypto assets traded on 587 exchanges currently have a market valuation of $2.1 trillion and are up 1.3% over the past day.
The biggest gainer over the past week has been Zilliqa (ZIL) up 148% this week, Convex Finance (CVX) up 53.2% and Vechain (VET) up 44.9% over the past seven days is.
The top privacy coins by market valuation are up 3.4% over the 24-hour period, and the top smart contract platform coins by market cap are up 1.7% on Sunday. Additionally, the top rebase tokens by market cap are up 9% against the US dollar over the past 24 hours.
While the value of the crypto economy was $2.1 trillion on Sunday, there was $78.5 billion in global trading volume across exchanges over the last day.
At the time of writing, Bitcoin (BTC) has a market dominance of around 40.3% of the crypto economy’s value and Ethereum (ETH) accounts for 18% of the $2.1 trillion. Stablecoin Tether (USDT), which represents the third largest crypto market valuation, has around 3.84% market dominance today.
Total value (TVL) in decentralized finance (defi) is $216 billion as of Sunday, as it is up 1.04% over the past 24 hours.
Of the $78.5 billion in global trading volume on exchanges, $42.7 billion of those trades are with stablecoins. The total value of the stablecoin economy is $188.9 billion as of Sunday.
In addition to the $2.1 trillion crypto economy, $216.58 billion is locked in decentralized finance (defi) protocols. Total Locked Value (TVL) in defi is up 1.04% in the last 24 hours today. Some of the biggest defi logs related to TVL include Curve Finance, Makerdao, Lido, Anchor, and Aave.
Tags in this story $2 trillion, $2 trillion mark, $2 trillion zone, bitcoin, bitcoin (BTC), bitcoin dominance, BTC, crypto-economy, crypto-economy rating, DeFi, dominance, ETH, Ethereum (ETH), Fiat, Increases, Markets, Markets and Prices, Privacy Coins, Rebase Tokens, Smart Contract Coins, Stablecoins, TVL in defi, USD, Vechain (VET), Zilliqa (ZIL)
What do you think of the crypto economy managing to stay above the $2 trillion zone for five straight days? Do you expect digital assets to go up or down in value next week? Let us know what you think about this topic in the comment section below.
Jamie Redman
photo credit: Shutterstock, Pixabay, WikiCommons
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