Cryptocurrency Market capitalization exceeded $ 300 billion

According to CoinMarketCap.com, the market capitalization of all the Cryptocurrency at the time of publication is approximately $ 305 billion, and the capitalization of Bitcoin is 53.5 of this amount: about $ 163 billion. The price of Bitcoin exceeded $ 9,000 and is approaching the next historical milestone of $ 10,000. Today morning, the Cryptocurrency was trading at $ 9,657, according to the Coindesk BPI index. In other words, Bitcoin to achieve a five-figure price is enough to rise in price by only 3.5%, while only over the past 24 hours the growth was more than 8%.

 A push above $ 300 billion also demonstrates the pace of market growth in recent weeks. On November 3, the total market capitalization for the first time exceeded $ 200 billion. Before that, the market moved to the level of $ 100 billion in June.

Other cryptocurrency market developments contributed to today's market capitalization milestone, additional data reveals.

The world's second-largest cryptocurrency, Ethereum, has a press-time market capitalization of $46 billion and is currently trading at about $475, representing a price increase of more than 25% in the past week. Like Bitcoin, Ethereum also hit a new all-time high over the weekend.