Capitalization of the crypto market exceeded $1.9 trillion


On 08.10.2021, the capitalization of the cryptocurrency market passed the mark of $1.9 trillion. Such a situation was last observed in mid-May. In July, the capitalization of the market of digital assets grew by almost $500 billion, helped by the recovery of Bitcoin to $46 thousand. 

During August 2-9 the price of some altcoins increased by more than 50%:

  • Ravencoin – 70%;
  • Voyager Token – by more than 60%;
  • Elrond – by 54%;
  • Internet Computer – more than 60%.

The price of Ethereum has also been actively growing lately, rising by 88% over the month. Now Ethereum is trading above $3,000. The rise in the value of the altcoin was accelerated by token burning, launched on August 6. 

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