Crypto Market Reached $2.5 Trillion, What Happens Next?
- October 16, 2021
- Posted by: Market Learning
- Category: Trading
The total cryptocurrency market cap is now at its highest point ever, surpassing $2.5 trillion, according to data from CoinMarketCap. Since July 2017, when it first breached the $100 billion mark, it has grown by more than 1,800 percent to reach more than $300 billion at its peak in January 2018.
Less than a month ago, the total cryptocurrency market capitalization reached $2 trillion. As of today, it’s at over $2.5 trillion—a 25% increase in two weeks! What’s next? Will this break $3 trillion? $4 trillion? Whatever the case may be, this milestone confirms that cryptos have entered the big leagues as an alternative asset class to fiat currencies and commodities such as gold and silver. In fact, some think that cryptos will overtake gold as the most popular asset class in the next few years—and they might be right!
Crypto Market Reaches $2.5 Trillion
A new milestone has been reached in digital currencies today as total market capitalization of all cryptocurrencies hit a record high at nearly $2.5 trillion. With almost all of them up in value over the past 24 hours, it seems that Bitcoin Cash being accepted into crypto exchange Bittrex had something to do with it, but some people are still trying to figure out why exactly that would have caused such a huge increase in value across all major cryptocurrencies.
Investing At the Best Time Possible
The crypto market capitalization currently stands at about $2.5 trillion — and we’re still in a downturn from where it was earlier in 2018 — but there’s reason to believe that now is not too late to jump on board with crypto investments or blockchain startups. Although people have become wary of cryptocurrencies due to their fluctuations in value over time, mainstream adoption of these technologies is becoming more prevalent across various sectors of our economy…
Long term holder Supply Shock ratio is now clearly at the highest it’s ever been.
These next few months are gonna be wild.
As #Bitcoin breaks above $59k, Long-Term Holders have returned to impressive unrealised profits.
The LTH cohort currently holds 70% of the market cap in unrealised gains.
If this metric rallies above 75%, it would start to resemble the 2013 double rally Scenario.
We can see this in the Exchange net position change metric which has been in a net outflow regime since March 2020.
May-July was the primary period of net inflows, however this has been fully reversed.
Exchanges are currently seeing modest outflows of around 20k $BTC per month.