The market capitalisation of the crypto market increased by over $100 billion

The cryptocurrency market is gradually getting close to gaining the first position in the world's financial markets. The cryptocurrency market is on the green in the last 24 hours with a tremendous growth in the market capitalisation .

All the major cryptocurrencies were on the green in the last 24 hours. The cryptocurrency market capitalisation increased by over $100 billion dollars in the last 24 hours, which make the total market capitalisation to shift from $1.76 trillion to $1.873 trillion. This represent a percentage increase of 5.26% . The crypto market volume is $94.32 billion, representing 29.96% increase in the last 24hrs according coinmarket cap.

This is indeed a drastic growth in the crypto space and it is a very good news around cryptocurrency. If it persists in the next 24 hours, we should expect a huge percentage increase in the crypto market capitalisation and the crypto market volume. This will further increase inclusiveness of investors in The crypto market because of the growth that was recorded in the last 24 hours. Logically, it is expected that we should witness more of this in weeks to come. For the cryptocurrency traders, it is a very good news that could help the fundamental analysis.

 

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I am not surprised to be see the growth that is being witnessed around cryptocurrency because it is been accepted by countries, institutions and individuals and then the rate at which it is growing is very huge in such a way that so many people are planning to get involved . This is just the beginning because there are so many people that still trying to delve into the world of cryptocurrency simply because of the profits that is involved in it. The only thing that is attracting most of the people to this investment is because of the fact that it is very lucrative and it will make someone very rich overnight. We should also be mindful of the fact that the risk that is involved in this business is high and as a result it could also make you lose all your funds in a blink of an eye. this is why we need to into cognizance the risk-to-reward ratio in this form of investment and that is why we have so many people getting involved and which actually amounted to the increase in the market capitalisation of the cryptocurrency at large. I think that we should expect more of this in the future.