20th July 2022 – (New York) The total market cap of all cryptocurrencies has surged beyond $1 trillion for the first time in over a month, CoinMarketCap data shows.
It currently stands at $1,016,006,321,043 — and the return to this psychologically significant threshold comes after Bitcoin broke through $22,000.
This price point has proven a stubborn level of resistance for BTC in recent weeks, with bulls given a boost after they successfully avoided a sustained fall below $20,000.
But it’s Ether that’s by far the best performer on a seven-day timeframe. The world’s second-largest cryptocurrency is now on the brink of cracking $1,500 after surging by 28.65% in one week.
And there’s also a sea of green across other altcoins as they mount a modest recovery. One notable performer is Polygon — up 17% in 24 hours, and 60% over seven days.