Crypto economy reclaims $2 trillion mark, Bitcoin returns to top 10 most valuable assets in the world

The crypto economy has rallied above the $2 trillion mark after falling below that level in mid-January. Statistics show that the US dollar value of all 12,440 coins across 544 exchanges is $2.107 trillion, an increase of 5% in the last 24 hours.

The crypto economy crosses the $2 trillion mark

The value of digital currencies has surged in the last week, pushing the entire economy north. This means that the market has recovered more than $500 billion after January’s carnage.Statistics show that as of January 24, 2022, the value of all cryptocurrencies in existence is approximately $1.5 trillion. Since that day, it has grown by more than 36%, rising to $2.107 trillion on February 8, 2022. While BTC dominates 39.6%, ETH’s market cap accounts for 17.9% of the aforementioned $2 trillion.

Market cap of all coins in the last 30 days | Source: Coinecko

Coins that have helped push the value of the crypto economy past $2 trillion include GALA, QNT, LEO, MINA, ZEC, SHIB, NEAR, ETC, OSMO, and MANA. The above tokens have gained between 30.3% and 95.3% in value in the last 7 days.

Privacy coins worth $10.6 billion are up 3.8% on the day, while the net worth of smart contract platforms ($691 billion) is up 3.3% in 24 hours. The $41.8 billion meme coin is up 11.8%, while DOGE and SHIB saw gains of 5.9% to 17.6% over the same period. Additionally, the total value locked (TVL) in DeFi protocols is up 2% on the day, hitting a peak of over $220 billion on Monday morning. Ethereum’s TVL DeFi dominates 61.17% of the total value, $134.92 billion US dollars blocked.

Bitcoin is now the 9th most valuable asset in the world

While the crypto economy is up over $2 trillion as many tokens surge significantly and the TVL in DeFi is higher, NFT sales have declined over the past week. Total turnover for the week from 1,449,578 trades and 309,418 traders totaled $967.5 million. The weekly NFT sales index is down 7.83% from the previous week and Ethereum sales are down 9.15%. However, sales of the third and second largest blockchains after NFT are up this week with Solana +5.69% and Avalanche +36.34%.

Top 10 Most Valuable Properties On The Market | The source: CompaniesMarketCap

With the crypto economy above the $2 trillion mark, this is higher than most market valuations today. The USD value of all 12,440 coins is just above the fourth most valuable global asset, Saudi Aramco, with a capitalization of $1.973 trillion. However, the capitalization of the crypto economy is lower than gold (11.578 trillion), Apple (2.801 trillion) and Microsoft (2.256 trillion). Bitcoin is today the ninth most valuable asset in terms of overall valuation ($833.53 billion).

Join CoinCu Telegram to keep track of news: https://t.me/coincunews

Follow CoinCu Youtube Channel | Follow CoinCu Facebook page