Bitcoin
BTC$29 191.52

-2.06%

Ethereum
ETH$1 954.39

-4.11%

Tether
USDT$0.998880

0%

USD Coin
USDC$0.999973

-0.01%

Binance Coin
BNB$295.49

-1.54%

XRP
XRP$0.409560

-4.29%

Cryptocurrency market cap hits $2 trillion


06 Apr 2021

#Bitcoin

The market capitalization of all cryptocurrencies in existence surpassed $2 trillion on April 5, according to data from Goingecko, led by the impressive growth of Bitcoin (BTC), Ether (ETH) and other altcoins in 2021. The cryptocurrency market as a whole has become approximately as valuable as Apple, the second-biggest company in the world after Saudi Arabia’s oil giant, Aramco.

The milestone also comes less than three months after the cryptocurrency market surpassed $1 trillion for the first time back on Jan. 7 when the price of Bitcoin was around $33,000.

In recent months, several major catalysts have fueled both Bitcoin and Ether to rally strongly to new all-time highs. Financial institutions, like PayPal and Visa, are beginning to actively support cryptocurrencies, with Bitcoin leading the cryptocurrency market’s uptrend. In 2021, Bitcoin has faced several short-term corrections but has now consistently remained above $50,000 for almost a month, with low volatility compared with altcoins, preventing both ETH and the altcoin market from seeing a severe pullback.

On April 2, Coinbase, the top United States cryptocurrency exchange, announced that the U.S. Securities and Exchange Commission (SEC) approved its S-1 filing. Coinbase is expected to be listed on the Nasdaq exchange on April 14, making it a publicly traded company on the U.S. stock market.

Depending on the performance of the stock, it could also lead exchange tokens such as Binance Coin (BNB), FTX Token (FTT), Huobi Token (HT), SushiSwap’s SUSHI, Uniswap’s UNI and others to rally, mirroring the momentum of COIN. At the same time, some analysts believe that Coinbase’s IPO may bring major volatility in, if not downward price pressure on, the cryptocurrency market, as the date aligns with a big BTC options expiry date.


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Top Cryptocurrencies with Price Predictions

# Crypto Prediction Accuracy CVIX Price 24h 7d Market Cap 7d price change
1 Bitcoin (BTC) BTC Bitcoin predictions 60.8% 82 $29 191.52 -2.06% 2.70% $555 914 015 832 BTC 7 days price change
2 Ethereum (ETH) ETH Ethereum predictions 64% 82 $1 954.39 -4.11% -1.82% $236 158 317 873 ETH 7 days price change
3 Tether (USDT) USDT Tether predictions 92.8% 1 $0.998880 0% 0.42% $74 130 049 611 USDT 7 days price change
4 USD Coin (USDC) USDC USD Coin predictions 95.6% 1 $0.999973 -0.01% -0.03% $52 352 625 225 USDC 7 days price change
5 Binance Coin (BNB) BNB Binance Coin predictions 63.2% 83 $295.49 -1.54% 15.82% $48 246 384 325 BNB 7 days price change
6 XRP (XRP) XRP XRP predictions 68% 71 $0.409560 -4.29% 6.64% $19 799 416 736 XRP 7 days price change
7 Binance USD (BUSD) BUSD Binance USD predictions 93.6% 1 $1.001666 0.20% -0.19% $18 443 180 310 BUSD 7 days price change
8 Cardano (ADA) ADA Cardano predictions 64% 77 $0.518507 -7.30% 14.16% $17 500 944 869 ADA 7 days price change
9 Solana (SOL) SOL Solana predictions 58.4% 84 $50.68 -8.06% 10.69% $17 098 227 484 SOL 7 days price change
10 Dogecoin (DOGE) DOGE Dogecoin predictions 61.2% 87 $0.084476 -4.75% 5.40% $11 207 554 336 DOGE 7 days price change
11 Polkadot (DOT) DOT Polkadot predictions 62.8% 78 $9.71 -7.67% 16.86% $9 589 547 375 DOT 7 days price change
12 Wrapped Bitcoin (WBTC) WBTC Wrapped Bitcoin predictions 59.6% 82 $29 143.47 -2.27% 2.60% $8 158 800 980 WBTC 7 days price change
13 Avalanche (AVAX) AVAX Avalanche predictions 58.8% 82 $29.81 -10.49% 2.50% $8 022 029 630 AVAX 7 days price change
14 TRON (TRX) TRX TRON predictions 73.6% 55 $0.071895 0.68% -3.97% $7 014 123 058 TRX 7 days price change
15 Dai (DAI) DAI Dai predictions 95.2% 1 $1.000661 0.07% 0.23% $6 504 642 637 DAI 7 days price change

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