Cryptocurrency market cap hits $3 trn mark for 1st time, Bitcoin on fire

The global cryptocurrency market has hit the $3 trillion mark for the first time, taking Bitcoin and Ethereum values to an all-time high.

Bitcoin and Ether created a new all-time high of $68,641.57 and $4,857.25 on Tuesday.

Despite uncertainties and high volatility surrounding it, Bitcoin may touch the $100,000 mark by the end of this year. The Bitcoin market cap alone has crossed $2.5 trillion amid its rising adoption globally, particularly in India.

“The growth of crypto assets across the globe testifies to the fact that the number of investors joining the crypto revolution is growing exponentially. We are witnessing a massive surge in trading volumes on our exchange and crypto has become the first choice of investors to beat inflation,” said Shivam Thakral, CEO, BuyUcoin.