For the first time the total cryptocurrency market capitalization exceeded $ 2 trillion
The total market capitalization of cryptocurrencies has reached $ 2 trillion - a record value. Bitcoin capitalization exceeded $ 1.1 trillion. The growth has been fueled by an increase in interest in cryptocurrencies from both institutional and retail investors in the past few months, writes Reuters. It explains the growth in cryptocurrency capitalization by an increase in demand from both institutional and retail investors over the past few months.The growth of interest in cryptocurrency was facilitated, among other things, by large business investments: in early February, the Tesla electric car manufacturer of billionaire Elon Musk invested $ 1.5 billion in bitcoin, and the social network Twitter announced that it was thinking about paying employees and partners in bitcoins. Back in 2018, the head of the service, Jack Dorsey, said that within ten years, Bitcoin will become the "single currency" of the Internet. On April 3, the Ethereum rate reached a historic maximum, breaking the $ 2100 mark.The growth was fueled by support from Visa, which was the first to conduct cryptocurrency transactions using Ethereum, as well as the words of billionaire Mark Cuban, who said that ether was "the closest thing to a real currency." The businessman also said that his crypto portfolio consists of 30% of ether tokens and 60% of bitcoins.