Cryptocurrency Market Cap Breaks Record

Cryptocurrency market volume broke a new record for the first time in its history by exceeding $160 billion.

By August $90 billion Considering that it started with a volume of , it is incredible that the total market cap of the cryptocurrency market is now $162 billion.

The popularity of ICO tokens is important to this spike. He contributed. In the second half of the month, Bitcoin’s power again fell below 50% and fell to 45%.

We can see that people investing their savings in crypto money instead of official currencies is also very effective in this situation. The market continued to increase in popularity after several of the famous investors announced that they now prefer cryptocurrencies. The competition between crypto money and gold seems to be ending in favor of cryptocurrencies in recent weeks. According to the chart shared by BTCC, one of the Chinese stock markets, “in the last 10 weeks, investment in gold has decreased by $ 30 billion, while investment in Bitcoin has increased by $ 71 billion.”

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