@$65475: Cryptocurrency Market Cap Hits $3 Trillion Level
Cryptocurrencies reached a $3 trillion market cap on Monday after a rally of nearly $100 billion inflated the market value of digital assets to a record high. The cryptocurrency market saw a growth of almost 300% in 2021.
Despite the regulatory uncertainties and frequent corrections, the market capitalization of cryptocurrency assets has kept growing throughout the last 10 months. On 1 January 2021, digital assets had a total market value of $750 billion.
2021 saw a sharp increase in retail and institutional adoption of digital assets. While Bitcoin and Ethereum remained dominant, other cryptocurrency assets like Solana (SOL) and Binance Coin (BNB) have climbed substantially.
Additionally, meme coins like Dogecoin (DOGE) and Shiba Inu (SHIB) have made it into the top 10 cryptocurrency assets in the world. Both DOGE and SHIB have a market cap of more than $30 billion.
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