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Bitcoin: Cryptocurrencies have a market capitalization of $1,327 billion

10/02/2021
Categories: Economy/Forex

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Bitcoin (BTC) smashed the $42,000 mark with a market capitalization of $1,327 billion.

“Cryptoassets are not a currency. It is a highly speculative asset,” said the boss of the European Central Bank (ECB), Christine Lagarde, last Sunday, on BFMTV and BFM Business. And yet, Bitcoin is continuing its momentum, trading at $42,848, or 23.5 million CFA francs or 383,018 dirhams.
In 24 hours, the queen of cryptocurrencies increased by 12.21%, supported by institutions and investors such as Elon Musk, who invested 1.5 billion dollars of his cash on it in January, a record for a company. Bitcoin's market capitalization now stands at $88 billion, double that of Ethereum (ETH), the second most traded cryptocurrency, up 7.65% to $1,697

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