Crypto market capitalization has once again surpassed $2 trillion

In the last 24 hours, Bitcoin rose 4.6%, Ethereum — 7.6% (per CoinGecko). Against a backdrop of renewed investor demand for blue-chip crypto assets and illiquid crypto assets, market capitalization surpassed $2 trillion.

At the time of writing, Bitcoin is trading around $44,300, Ethereum around $3,100. Below are the top-10 coins by market capitalization:

Among the top ten, the most pronounced gains were shown by Avalanche, Solana and Binance Coin — 12.4%, 10.1% and 8.2% respectively.

The number of Ethereum addresses with a balance above 0.1 ETH reached an all-time high. This may signal broad uptake of the second-largest cryptocurrency by market capitalization, retail investors’ confidence in its prospects, and active use of the asset in DeFi applications.

Tokens from new DeFi ecosystems also rose in price. For example, Moonbeam (GLMR) rose by 29.4% in the last 24 hours. In addition to the broad market revival, the catalyst for GLMR’s rise was the announcement of the ecosystem’s integration with the Curve platform.

1/ @CurveFinance, the most popular exchange liquidity pool on Ethereum + LARGEST DeFi protocol by TVL, has arrived on Moonbeam!

Not only does this enable users to exchange stable coins, it opens up liquidity between any like-value assets.🔄

Try it out 👇https://t.co/GAqUvabKy4

— Moonbeam Network (@MoonbeamNetwork) February 14, 2022

As of writing, the total cryptocurrency market capitalization stands at $2.07 trillion, which corresponds to mid-January levels and early February.

Earlier FSInsight analyst Shon Farrell predicted that Bitcoin’s price could reach $200,000 in the second half of 2022.

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