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<span class="qa-q-view-when-data"><time itemprop="dateCreated" datetime="2023-01-17T19:57:19+0000" title="2023-01-17T19:57:19+0000">Jan 17</time></span>
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<a name="21"></a>
<div itemprop="text">
<p>Within a few days, Bitcoin moved from the $16,000 level to the $21,000 level (it rebounded at the time the article was published to the $20,000 level).</p>
<p>Bitcoin's move dragged altcoins higher.</p>
<p>As a result, the total market capitalization of the crypto market, according to coingecko, has risen to the $1 trillion mark for the first time since the FTX debacle.</p>
<h3><strong>This comes amidst the massive price hike from several altcoins such as:</strong></h3>
<p>Solana, Polkadot, Polygon, Avalanche, and more.</p>
<p>The start of 2023 was quite amazing for the cryptocurrency market after a painful 2022.</p>
<p>The largest cryptocurrency has risen from around $16,500 to over $21,000 in a matter of two weeks.</p>
<p>This 27% increase means that Bitcoin has regained all the losses that came from the FTX crash last November.</p>
<p>The increase in the price of bitcoin also helped the total market capitalization of bitcoin reach $400 billion.</p>
<p>Its dominance over altcoins has also risen to nearly 40% after dropping to 38% last week.</p>
<p>Although Bitcoin's dominance has been on the rise in the past few days, many altcoins have already overtaken it.</p>
<p>Solana is a prime example of this.</p>
<p>SOL has been among the hardest hit cryptocurrencies after the FTX crash.</p>
<p>This is due to its connection to the former empire created by Sam Bankman Fred.</p>
<p>The negative impact peaked after the price of the SOL digital currency fell below $8 at the end of 2022.</p>
<p>Since then things have started to change after some positive words from Vitalik Buterin, co-founder of Ethereum, and SOL has started to progress.</p>
<p>Its value nearly tripled in a few weeks and rose above $23.</p>
<h3><span style="color:#d35400"><strong>Among the altcoins that have also emerged in the recent rally:</strong></span></h3>
<p>NEAR coin, where the latter posted a massive weekly gain, up by 38%.</p>
<p>MATIC, DOT, TRX, AVAX, and CRO are among the other cryptocurrencies with the largest market capitalization that also achieved double-digit weekly price gains.</p>
<p>As noted, this rally pushed the cryptocurrency market cap above $1 trillion on CoinGecko for the first time in over two months.</p>
<p>This means that the crypto market has added more than $200 billion since the beginning of 2023.</p>
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<span class="qa-a-item-when-data"><time itemprop="dateCreated" datetime="2023-01-17T19:57:30+0000" title="2023-01-17T19:57:30+0000">Jan 17</time></span>
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<h2><span style="color:#d35400"><strong>The total value of the crypto market reaches $1 trillion</strong></span></h2>
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<a href="../3/number-bitcoin-around-process-installing-increased-years">The number of Bitcoin ATMs around the world and the process of installing them has increased over the years</a>
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<a href="../5/cryptocurrency-market-declining-ethereum-down-6%25-bnb-down">Cryptocurrency Market Declining, Ethereum Down 6%, BNB Down 8%</a>
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<a href="../17/usdt-outperforms-mastercard-terms-transaction-settlement">USDT outperforms both MasterCard and Visa in terms of transaction settlement</a>
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<a href="../1/ohio-senator-banning-cryptocurrencies-may-the-table-the-usa">Ohio Senator: Banning cryptocurrencies may be on the table in the USA</a>
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Login Remember * Register Digital Currency News * Questions * Unanswered * Tags * Users * Ask a Question Ask a Question THE TOTAL VALUE OF THE CRYPTO MARKET REACHES $1 TRILLION 0 votes asked Jan 17 in general by admin (1.1k points) Within a few days, Bitcoin moved from the $16,000 level to the $21,000 level (it rebounded at the time the article was published to the $20,000 level). Bitcoin's move dragged altcoins higher. As a result, the total market capitalization of the crypto market, according to coingecko, has risen to the $1 trillion mark for the first time since the FTX debacle. THIS COMES AMIDST THE MASSIVE PRICE HIKE FROM SEVERAL ALTCOINS SUCH AS: Solana, Polkadot, Polygon, Avalanche, and more. The start of 2023 was quite amazing for the cryptocurrency market after a painful 2022. The largest cryptocurrency has risen from around $16,500 to over $21,000 in a matter of two weeks. This 27% increase means that Bitcoin has regained all the losses that came from the FTX crash last November. The increase in the price of bitcoin also helped the total market capitalization of bitcoin reach $400 billion. Its dominance over altcoins has also risen to nearly 40% after dropping to 38% last week. Although Bitcoin's dominance has been on the rise in the past few days, many altcoins have already overtaken it. Solana is a prime example of this. SOL has been among the hardest hit cryptocurrencies after the FTX crash. This is due to its connection to the former empire created by Sam Bankman Fred. The negative impact peaked after the price of the SOL digital currency fell below $8 at the end of 2022. Since then things have started to change after some positive words from Vitalik Buterin, co-founder of Ethereum, and SOL has started to progress. Its value nearly tripled in a few weeks and rose above $23. AMONG THE ALTCOINS THAT HAVE ALSO EMERGED IN THE RECENT RALLY: NEAR coin, where the latter posted a massive weekly gain, up by 38%. MATIC, DOT, TRX, AVAX, and CRO are among the other cryptocurrencies with the largest market capitalization that also achieved double-digit weekly price gains. As noted, this rally pushed the cryptocurrency market cap above $1 trillion on CoinGecko for the first time in over two months. This means that the crypto market has added more than $200 billion since the beginning of 2023. PLEASE LOG IN OR REGISTER TO ANSWER THIS QUESTION. 1 ANSWER 0 votes answered Jan 17 by admin (1.1k points) Best answer THE TOTAL VALUE OF THE CRYPTO MARKET REACHES $1 TRILLION PLEASE LOG IN OR REGISTER TO ADD A COMMENT. Welcome to Digital Currency News, where you can ask questions and receive answers from other members of the community. RELATED QUESTIONS 0 votes 1 answer 14 years have passed since the inception of Bitcoin and the crypto market in general.. asked Jan 7 in general by admin (1.1k points) 0 votes 1 answer The number of Bitcoin ATMs around the world and the process of installing them has increased over the years asked Dec 20, 2022 in general by admin (1.1k points) 0 votes 1 answer Cryptocurrency Market Declining, Ethereum Down 6%, BNB Down 8% asked Dec 20, 2022 in general by admin (1.1k points) 0 votes 1 answer USDT outperforms both MasterCard and Visa in terms of transaction settlement asked Jan 17 in general by admin (1.1k points) 0 votes 1 answer Ohio Senator: Banning cryptocurrencies may be on the table in the USA asked Dec 20, 2022 in general by admin (1.1k points) * Send feedback Snow Theme by Q2A Market Powered by Question2Answer ...