Crypto market cap hits $2.25trn

Crypto markets are growing with the total market cap now sitting at record $2.25trn and eclipsing Apple's cap, which is just shy of that with $2.20trn.

Recent growth has been driven by both Bitcoin and Ethereum's prices going up and by Ethereum's Berlin update preparing to launch today.

Ethereum's own capitalization is greater than $250bn for the first time and Bitcoin's cap has kept steady for the last six months. Does this mean that BTC market volatility is gone? Not entirely, but not everyone sees volatility as an issue.

Ether's growth has been impressive with the currency hitting 1,328% increase in market cap despite the persisting issues about gas fees that is transaction fees.

Customers have been complaining about how expensive it has become to transfer ETH on the network, but the majority have been betting on the currency long-term.

They will all be greatly rewarded should Ethereum figure out a way to cut the gas fees without re-routing traffic through other chain solutions.

There are some hopes that the Berlin update will mitigate some of the pressure, but the upgrade isn't designed to change any algorithms drastically.

As market cap has increased for Ethereum, so it has for Bitcoin. The currency now stands at a heady $64,536.30 as of the time of reporting, making it the best-performing asset of a decade. The Bitcoin craze is translating into real-world results.

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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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