Cryptocurrencies break $1 trillion market cap

Cryptocurrencies are starting 2021 on a strong footing, with their price increases, stability seemingly improving and overall market cap just breaking $1 trillion.

This is a monumental development, occasioned not least by Bitcoin's recent success in achieving $37,000 as its highest price to date as of January 6, 2021.

The crypto asset class has doubled in the last month alone, all thanks to Bitcoin's inexorable dash for the top, and backed by Ether's own success in achieving strong valuation.

Ethereum and Bitcoin have had a strong pull on the market, charting new opportunities for crypto enthusiasts and delivering on a more stable outlook for the entire crypto industry.

The last time crypto assets hit a significant number was back in 2017/18 when CoinMarketCap reported $830 billion. Back then, altcoins hit around $547 billion. A repeat is now on the cards.

When Bitcoin surges, there is usually an altcoin rally to follow as well.  A growing demand by institutional investors this time around, though, may postpone an altcoin rally and see a slightly steadier interest in traditional cryptocurrencies, giving the market yet another boost.

At the time of writing, Bitcoin's price has hit $37,108. If you are looking to use your Bitcoin in an entertaining and smart way, casino gaming may be the right choice for you. You can try to win a jackpot at any of the following sites: Bitcasino, FortuneJack, or 1xBit.

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Written by Barney

Co-founder

Barney is co-founder of CryptoGamblingNews.com. When not at work he can usually be found behind a Nikon. He's won numerous international competitions for his photography and volunteers as a content creator for aid organisations in Africa.

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