Global Cryptocurrency Market Capitalisation Surged Over 1% 

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Global Cryptocurrency Market Capitalisation Surged Over 1% 
03 Feb 2022
6 min read

News Synopsis

According to CoinGecko, the global cryptocurrency market capitalisation has surged over 1% to $1.85 trillion. Bitcoin, the most popular crypto of the world, by market cap was up 0.60% at $38,581. Bitcoin has been continuously falling ever since November 2021. It slipped more than 16% since the start of 2022.

The coin linked to the Ethereum blockchain and the second-largest cryptocurrency, Ether has also risen more than 3% to $2,767. Binance Coin also gained 1% to $382. Dogecoin price jumped nearly 1% and Shiba Inu was trading more than 2% higher. The performance of other cryptocurrencies has also increased and the crypto prices were trading with gains in the range of 4-19% over the last 24 hours.

The US Securities and Exchange Commission has also delayed its decision to allow the listing of a spot bitcoin exchange-traded fund by Bitwise Asset Management. The commission took the decision after spotting bitcoin ETFs by several issuers in recent months.

Two bitcoin-based funds were approved by SEC in October. These were ProShares Bitcoin Strategy ETF and the Valkyrie Bitcoin Strategy ETF, which debuted on Wall Street in the same month

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