Market value of Crypto reaches record high of $1.68 trillion as demand soars

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Factual Pursuit of Truth for Progress

 

By Francis Ogwo

The crypto market reached an all time high of $1.68 trillion mark before it settled at $1.58 trillion price. This record made it a big feat for the cryto valuation statistics.

This makes the global crypto market increase by 0.28% over the last day.

The total crypto market volume over the last 24 hours is $141.41 billion, which makes a 27.60% decrease.

The total volume in DeFi is currently $12.29 billion, 8.69% of the total crypto market 24-hour volume.

The volume of all stable coins is now $107.20 billion, which is 75.81% of the total crypto market 24-hour volume.

At the moment, Bitcoin’s price is currently $51,319.34, meaning its dominance is currently 60.58%, a decrease of 0.78% over the day.

Crypto experts have cited the incredible demand seen from crypto traders, trend-following hedge funds, and lately the powerful institutional investors as among the reasons for such record gains.

Crypto assets are flying as the world becomes awash with record stimulus deals, triggered by global central banks using such programs in supporting the global economy.

This incredible feat in the crypto market shows global investors and traders are rushing into digital coins, and hedging against inflation-prone assets like currencies.

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