Global Cryptocurrency Market Capitalisation Surged Over 1% 

Share Us

1233
Global Cryptocurrency Market Capitalisation Surged Over 1% 
03 Feb 2022
6 min read

Podcast

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

You May Like

TWN In-Focus