- Bitcoin and Ethereum have risen to become one of the most valuable assets globally.
- There has been a pause in the uptrends that BTC and ETH saw in the previous week.
Recent data shows that Bitcoin [BTC] and Ethereum [ETH] have achieved dominance not only within the cryptocurrency market but also in the broader financial landscape.
Their market capitalizations have grown significantly, now rivaling the valuations of many traditional companies.
Bitcoin and Ethereum features among top assets
A study of data by Crypto Rank revealed that Bitcoin and Ethereum featured prominently among the top assets by market capitalization.
The data showed that Bitcoin ranked ninth with a market cap of $1.33 trillion. Also, BTC was just behind Silver, which had a market cap of $1.8 trillion.
Furthermore, the largest asset by market capitalization was Gold, at $15.7 trillion.
Additionally, Ethereum ranked 24th with a market cap of $455 billion, notably surpassing Mastercard, which had a market cap of $413 billion.
Bitcoin and Ethereum continue dominance
Analysis of cryptocurrency data from CoinMarketCap showed that the total market capitalization of cryptocurrencies exceeded $2.5 trillion. Bitcoin accounted for over $1.3 trillion of this, giving it a market dominance of almost 53%.
Also, Ethereum’s market capitalization was over $453 billion, representing nearly 18% of the total market.
Combined, Bitcoin and Ethereum make up over 70% of the entire cryptocurrency market capitalization, meaning their price movements significantly impact the overall market.
Although the total cryptocurrency market capitalization is much smaller compared to Gold, it still holds substantial value.
BTC and ETH sees pause in uptrends
Bitcoin has recently dropped further from the $70,000 price range, leading to a decline in its market capitalization. Analysis of the daily time frame chart showed that after fluctuating between $68,000 and $69,000 for several days, it fell to around $67,000.
By the end of the trading session on 29th May, it had decreased by over 1% to approximately $67,500. As of this writing, Bitcoin was trading at around $67,900, reflecting a slight increase of less than 1%.
Source: TradingView
Furthermore, Ethereum has recently experienced a pause in its upward trend.
Source: TradingView
Realistic or not, here’s ETH market cap in BTC’s terms
It reached around $3,890 on 27th May, the highest level since it rose to about $4,000 in March. However, subsequent downtrends quickly halted this rise.
By the end of the trading session on 29th May, Ethereum had declined by over 2%, trading at around $3,762. As of this writing, it was trading at approximately $3,750 after a slight further decline.
- Bitcoin and Ethereum have risen to become one of the most valuable assets globally.
- There has been a pause in the uptrends that BTC and ETH saw in the previous week.
Recent data shows that Bitcoin [BTC] and Ethereum [ETH] have achieved dominance not only within the cryptocurrency market but also in the broader financial landscape.
Their market capitalizations have grown significantly, now rivaling the valuations of many traditional companies.
Bitcoin and Ethereum features among top assets
A study of data by Crypto Rank revealed that Bitcoin and Ethereum featured prominently among the top assets by market capitalization.
The data showed that Bitcoin ranked ninth with a market cap of $1.33 trillion. Also, BTC was just behind Silver, which had a market cap of $1.8 trillion.
Furthermore, the largest asset by market capitalization was Gold, at $15.7 trillion.
Additionally, Ethereum ranked 24th with a market cap of $455 billion, notably surpassing Mastercard, which had a market cap of $413 billion.
Bitcoin and Ethereum continue dominance
Analysis of cryptocurrency data from CoinMarketCap showed that the total market capitalization of cryptocurrencies exceeded $2.5 trillion. Bitcoin accounted for over $1.3 trillion of this, giving it a market dominance of almost 53%.
Also, Ethereum’s market capitalization was over $453 billion, representing nearly 18% of the total market.
Combined, Bitcoin and Ethereum make up over 70% of the entire cryptocurrency market capitalization, meaning their price movements significantly impact the overall market.
Although the total cryptocurrency market capitalization is much smaller compared to Gold, it still holds substantial value.
BTC and ETH sees pause in uptrends
Bitcoin has recently dropped further from the $70,000 price range, leading to a decline in its market capitalization. Analysis of the daily time frame chart showed that after fluctuating between $68,000 and $69,000 for several days, it fell to around $67,000.
By the end of the trading session on 29th May, it had decreased by over 1% to approximately $67,500. As of this writing, Bitcoin was trading at around $67,900, reflecting a slight increase of less than 1%.
Source: TradingView
Furthermore, Ethereum has recently experienced a pause in its upward trend.
Source: TradingView
Realistic or not, here’s ETH market cap in BTC’s terms
It reached around $3,890 on 27th May, the highest level since it rose to about $4,000 in March. However, subsequent downtrends quickly halted this rise.
By the end of the trading session on 29th May, Ethereum had declined by over 2%, trading at around $3,762. As of this writing, it was trading at approximately $3,750 after a slight further decline.
cost of cheap clomiphene without rx how to buy cheap clomiphene without dr prescription can i purchase clomid for sale can i order cheap clomiphene without rx clomiphene medication cost cheap clomid for sale how to buy clomiphene without dr prescription
More posts like this would create the online space more useful.
This is a topic which is forthcoming to my fundamentals… Diverse thanks! Faithfully where can I lay one’s hands on the acquaintance details due to the fact that questions?
where can i buy zithromax – buy azithromycin online cheap buy metronidazole 400mg for sale
semaglutide pills – cost periactin where can i buy cyproheptadine
domperidone 10mg ca – order flexeril 15mg pill buy cyclobenzaprine generic
buy amoxil for sale – ipratropium 100mcg us combivent 100mcg without prescription
cost augmentin 625mg – atbioinfo.com ampicillin pills
order coumadin 2mg pills – cou mamide losartan 50mg cheap
buy mobic 7.5mg – https://moboxsin.com/ mobic 15mg over the counter
deltasone buy online – apreplson.com prednisone 10mg without prescription
medication for ed dysfunction – fast ed to take site ed pills that work
buy amoxil pills – combamoxi buy amoxil generic
order fluconazole without prescription – https://gpdifluca.com/# forcan oral
escitalopram 10mg ca – buy escitalopram 20mg online buy escitalopram pills
buy cenforce for sale – https://cenforcers.com/# buy cheap cenforce
cialis online no prescription australia – https://ciltadgn.com/ does medicare cover cialis for bph
cialis online no prescription australia – https://strongtadafl.com/# buy cialis without prescription
buy zantac 150mg pills – https://aranitidine.com/# order ranitidine 150mg generic
sildenafil 50 mg cost – sildenafil citrate 100 viagra buy online canada
More peace pieces like this would make the интернет better. online
This is the stripe of glad I have reading. https://buyfastonl.com/amoxicillin.html
Proof blog you be undergoing here.. It’s severely to on great worth belles-lettres like yours these days. I truly respect individuals like you! Go through care!! https://ursxdol.com/azithromycin-pill-online/
I couldn’t resist commenting. Warmly written! https://prohnrg.com/product/loratadine-10-mg-tablets/
I’ll certainly bring to be familiar with more. cachet cenforce 50 mg sildenafil c’est pour quoi faire
Thanks on putting this up. It’s evidently done. https://ondactone.com/product/domperidone/
Thanks on putting this up. It’s well done.
purchase sumatriptan for sale
Greetings! Extremely useful suggestion within this article! It’s the little changes which wish obtain the largest changes. Thanks a quantity in the direction of sharing! http://www.cs-tygrysek.ugu.pl/member.php?action=profile&uid=98428
buy forxiga paypal – https://janozin.com/# forxiga for sale online
buy xenical – https://asacostat.com/ orlistat 120mg uk
This is the kind of literature I truly appreciate. http://www.underworldralinwood.ca/forums/member.php?action=profile&uid=493427