BREAKING - Market Cap hits $1 Trillion

[Qcrypto]

Taken from Coingecko

This is historical moment. We are in Trillion dollar club

[passwordnow]

There's a big discrepancy on coingecko and coinmarketcap's total for the market cap of the crypto market. On coingecko, just now it is $997B while in cmc it's now, $986B. As bitcoin continues to pump, what's better view is to see bitcoin starts to step into a trillion dollar market cap. And that would be the start of everything that we're hoping for during the past years of many lows for bitcoin.

[nelson4lov]

This is a phenomenal moment for Bitcoin. I knew it was just a matter of time before we final hit the big T! It's amazing how far crypto has come. From the champ, Bitcoin BTC to the thousands of altcoins available on the market. It's not a feat we would forget in a hurry. The last bull run brought us closer to this milestone before its abrupt end. But it feels so good to finally hit the goal line, three years after our first attempt.

 The big question I have on my mind right now is how long we would stay above $1 Trillion before bears step in? We have been having a good time for the past 3 months but we don't know for sure when selling pressure will kick in. Either way, it's nice to know we're a $1 trillion club and with potential to hit  more soon!

[arwin100]

Taken from Coingecko

This is historical moment. We are in Trillion dollar club

The current cap as of this moment is $985B as per CMC shown but if that is reached as shown on Coingecko then it's good indicator that we will have a stronger market in this year. Trillion dollar is no joke and this could acquire a huge attention to more bigger audiences, Maybe for this the ETF approval will come to reality if we can see more huge cap in next following years.

[Sadlife]

This is the beauty of the blockchain, we can see how much is owned and who owns Bitcoin. Although the chart is imperfect and it cannot record all the actual data we may already broken to Trillions.
We wouldn't anticipated these big move from Bitcoin after several years of long hard bear trend. Now look at it hitting trillions, despite hitting rock bottom back in 2019. Now we see progress and institutional adoption, at this rate we might see a $50k price.

[milewilda]

The current cap as of this moment is $985B as per CMC shown but if that is reached as shown on Coingecko then it's good indicator that we will have a stronger market in this year. Trillion dollar is no joke and this could acquire a huge attention to more bigger audiences, Maybe for this the ETF approval will come to reality if we can see more huge cap in next following years.

This is really a good milestone or achievement for this market but 1 trillion is just too small for us to be amazed. If we do try to look up on how big the Forex market is
then its The global forex trading market is worth $1,934,500,000,000 (that’s $1.93 quadrillion) which we can tell that there still a big room to grow
for crypto market.

Source: https://brokernotes.co/forex-trading-industry-statistics/

[BigBoy89]

There's a big discrepancy on coingecko and coinmarketcap's total for the market cap of the crypto market. On coingecko, just now it is $997B while in cmc it's now, $986B. As bitcoin continues to pump, what's better view is to see bitcoin starts to step into a trillion dollar market cap. And that would be the start of everything that we're hoping for during the past years of many lows for bitcoin.

People are going crazy!

Now it's on Coinmarketcap too:

Cryptocurrencies:  8,198Markets:  34,158Market Cap:  $1,005,731,705,18624h Vol:  $164,518,542,098BTC Dominance:  68.5%

If this FOMO continues, we could see a $50K Bitcoin within just a couple of days!

[Darker45]

This is a phenomenal moment for Bitcoin.

This is not Bitcoin's moment really. That $1 trillion market cap is cryptocurrency's total market cap as far as Coingecko's list is concerned. That, of course, includes the market caps of thousands and thousands of shitcoins whose price value they owe primarily to Bitcoin's fast price appreciation. Bitcoin's market cap is below $700 billion as its dominance is only around 67%.

While this is a reason to celebrate, this is a minor one. This is not what I am waiting for with great excitement. I am looking forward to Bitcoin alone conquering that $1 trillion market cap. That is one big milestone, a lot bigger than this one.

[yazher]

This is the beauty of the blockchain, we can see how much is owned and who owns Bitcoin. Although the chart is imperfect and it cannot record all the actual data we may already broken to Trillions.
We wouldn't anticipated these big move from Bitcoin after several years of long hard bear trend. Now look at it hitting trillions, despite hitting rock bottom back in 2019. Now we see progress and institutional adoption, at this rate we might see a $50k price.

If the price will continue to grow this year without some major changes or some negative impact in the market by some happenings with the other exchanges, the price will continue to grow despite the others who don't want to get involved with bitcoins. Some of the people are now getting some decent earning while others continue to have doubt in their minds whether they join this revolution or not. Nevertheless, those who are consistent with their support are the ones getting some good income here because of their perseverance in the past until now. Indeed, we are recording some history now and the least we can do is support it.

[idrisalomagold]

Woohoo, we are now in the trillion market industry. This may be the start of the robust market that will be engaged by institutional players, retailers to achieved mass adoption. This is the confirmation of the bull market cycle that may target BTC price to reached 50k or more.

[Sithara007]

The peak valuation reached during the 2017-18 bull run was $815 billion, and the current market cap is almost 25% higher than that amount. However, back then only around 40% of the total cryptocurrency market cap was made up of Bitcoin. Around 57% was made up of altcoins and the remainder was made of stablecoins and Bitcoin forks. The situation is different now. Bitcoin market share has increased to 68.5% and the altcoin market share is only around 25%.

[btc78]

Taken from Coingecko

This is historical moment. We are in Trillion dollar club

Finally we Break the much awaited 1 trillion Dollars Market capitalization , Now we can say that we are Stable and confident on what market are we staying and investing , this is now serious Amount and won't be denied by all the institution in regards to Currency involvements .
In 2017 we almost took this but almost 200 billion shorter , now this is reality and thinking what would be the next best thing after this.

[hatshepsut93]

"Cryptocurrency" marketcap is irrelevant, only Bitcoin marketcap is important, and even then it's not hugely important. We're seeing a big shortage of supply, few holders want to sell, so the price grows very fast. This means that there are no hundreds of billions of dollars being actually put into Bitcoin, like some people might think.

And going back to cryptocurrency, how many billions of dollars in marketcap belongs to scamcoins, zombie projects, shitcoins, useless tokens, etc.? 

[davis196]

Bitcoin and Ethereum have a combined market cap of 800 billion US dollars.The remaining 200 billion USD market cap belong to hundreds of shitcoins,which nobody cares for.I guess that it is time for Coinmarketcap and Coingecko to remove all the shitcoins,from their cryptocurrency rankings.
I'm sure that the 1 trillion dollar cryptocurrency market cap is a result of the cheap loans,stimulus checks and "money printer go brrr...",so we have to be thankful to the Federal Reserve for this historical moment.

 

[Walterhank]

I think this is only the start we will see a significant rise in it as the trading and investing increases. With institutions eager to invest huge amounts this will happen in no time at all.

[irixo10]

It is now totally clear that Bitcoin means business and as such the entire crypto space is just the way towards the future. Hitting this market cap is no joke and really means a lot to every crypto user, trader and investor. Also, the good fact about this market cap is, it will go a very long way in telling people especially those who thought nothing good can come out of crypto or those who never fails to say thrash about crypto in every given opportunity that, crypto has come to stay and will keep surprising them. Another good fact is that, it will now open more ways for investors to come in, because this will give them the assurance that crypto is the future; this is just the beginning more is yet to come.

[LogitechMouse]

In general, 1 trillion market cap is probably good but how much percentage of that total market cap is going to the shitcoins.

There are around 8k coins right now and I know that if we remove those then it isn't a trillion anymore. What matters right now is Bitcoin and possibly Ethereum as well. Institutions are constantly accumulating these coins and only few are selling. Bulls are in control while some are just holding knowing that it will give huge profits in the future.

P.S. I just saw that in CMC the total marketcap of the top 10 coins is around $900B which means that the remaining $100B is either in the top 11-100 coins in CMC or in those so many shitcoins out there.

[Haunebu]

Never expected this to happen so quickly. I knew events like Halving, COVID etc would help BTC and other popular cryptocurrencies enter a bull run sooner or later, but this is a next-level bull run.

This particular bull-run makes the previous one seem inferior in comparison. BTC crossing $20K and closing in on $40K along with the market cap touching a trillion is seriously mind-boggling.

Happy to see popular altcoins like ETH etc rise alongside BTC steadily. $100K per BTC doesn't seem like a dream anymore at this point.

[arwin100]

The current cap as of this moment is $985B as per CMC shown but if that is reached as shown on Coingecko then it's good indicator that we will have a stronger market in this year. Trillion dollar is no joke and this could acquire a huge attention to more bigger audiences, Maybe for this the ETF approval will come to reality if we can see more huge cap in next following years.

This is really a good milestone or achievement for this market but 1 trillion is just too small for us to be amazed. If we do try to look up on how big the Forex market is
then its The global forex trading market is worth $1,934,500,000,000 (that’s $1.93 quadrillion) which we can tell that there still a big room to grow
for crypto market.

Source: https://brokernotes.co/forex-trading-industry-statistics/

Imagine how big the rise of the cap in in year 2018 up till now we can say its impressive and we cannot compare the marketcap of the forex since in the first place that area is old and many billionaires are pouring their money in that area and we can say that bitcoins/cryptocurrency is underdog on this scene. But what good thing is bitcoin now is stealing the show and maybe the wall street traders are looking at bitcoin and thinking about trading it.

[Lorence.xD]

This is the beauty of the blockchain, we can see how much is owned and who owns Bitcoin. Although the chart is imperfect and it cannot record all the actual data we may already broken to Trillions.
We wouldn't anticipated these big move from Bitcoin after several years of long hard bear trend. Now look at it hitting trillions, despite hitting rock bottom back in 2019. Now we see progress and institutional adoption, at this rate we might see a $50k price.

With the current supply of bitcoin on the market, I think we will see a slow growth, 50k is not a far fetch but at this moment is still far from happening. Maybe around the 40k mark and anything above we will reach a resistance. The current market cap is really something that could put you in awe, there are only a few things that have hit this mark, this is by far, larger than the biggest companies in the world, with Amazon, Apple, Microsoft and Saudi Aramco the only competitors when it comes to market cap.