Bitcoin is unstoppable: while the cryptocurrency has hit a new record high, total market capitalization is approaching the magic mark of $ 1 trillion.As if the last all-time high was not just a few days ago, Bitcoin broke the next sound barrier at full throttle in the early hours of the morning and topped the $ 35,000 mark for the first time. The crypto reserve currency has now gained almost 7,000 US dollars in seven days: not the worst weekly balance. At the time of going to press, Bitcoin is trading at $ 35,166, up 12 percent for the day.Bitcoin market capitalization also set a new record overnight at $ 665 billion. In the past 24 hours alone, around 70 billion US dollars flowed into the digital currency. Currently, the value has corrected slightly downwards to just under 650 billion US dollars. However, if Bitcoin continues the rapid pace of recent weeks, the $ 700 billion mark is likely to fall in the foreseeable future.Almost the entire crypto market is turning into positive territory under the surge of the dominant cryptocurrency. With the exception of the problem child XRP and the stablecoin Tether (USDT), the top 10 largest cryptocurrencies posted gains of up to 22 percent on a daily basis.With the rush of investors, capital inflows into the crypto market are increasing rapidly. The total market capitalization is now already at 960 billion US dollars and thus only a short distance below the magic mark of one trillion US dollars. This number alone shows that the market is booming. Just two months ago, total market capitalization was just under $ 450 billion. In this short period of time, the value of all cryptocurrencies has more than doubled.Regardless of which metric you are currently looking at: the signs point to growth.\u2026<\/p>","protected":false},"excerpt":{"rendered":"
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