Cryptocurrencies break $1 trillion market cap

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Updated September 21, 2022 | Published January 8, 2021

2 mins read

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.

Failing that, there are some pretty substantial bonuses to benefit from at those gaming portals.

Want the chance to win an iPhone 11 Pro? Then take a couple of minutes to complete our CGN survey.

Looking for your next crypto casino? Check out: Bitcasino or FortuneJack.

Written by Alex

Reporter

Alex is a well-rounded crypto writer who focuses on general market and legal developments. His main interest lies in how crypto gaming can become a more permanent part of the gaming landscape and how blockchain holds benefits to players they are not even aware of.
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