Crypto market capitalization exceeds $3 trillion for the first time

.Cryptocurrency XRP traded at $1.27268 at 03:33 (00:33 GMT) on the Index exchange on Monday, a change of 10.25% during the day. It was the cryptocurrency's steepest daily rise since September 22.

Such growth pushed up market capitalizationXRP to $59.67594B, 2.12% of the market capitalization of all cryptocurrencies. Previously, XRP's capitalization was $83.44071B at its peak.

During the last 24 hours, XRP currency traded in the range of $1.21795 to $1.27276.

Over the past 7 days, XRP has shown volume gains ofwithin gained-pct. XRP volume during the last 24 hours was $3.66694B or 4.15% of total cryptocurrency volume. It has traded between $1.0856 and $1.2728 during the last seven days.

Currently, the price of XRP is still below 61.32% of its peak values of $3.29, which were reached on January 4, 2018.

Meanwhile, other cryptocurrencies.
Cryptocurrency Bitcoin was worth $64,710.7 on the Index exchange, up 5.13% on the day.

Etherium was trading at $4,669.03 on the Index exchange, nwhich increased by 3.19%.

Bitcoin previously had a market capitalization of $1,217.41206B or 43.24% of the market capitalization of all cryptocurrencies, while the capitalization of Etherium was $550.98702B or 19.57% of the total cryptocurrency market.On November 8, quotations of the second most capitalized cryptocurrency updated the historical maximum at above $4700. Over the last 24 hours, the price of the asset increased by 4.3%, according to CoinGecko.

As of this writing, Ethereum is trading at $4757. Its capitalization has reached $563.6 billion.

Bitcoin has gained 6.2% in the past 24 hours and trades atThe BTC dominance index is 41%, ETH is 18%. BTC dominance index - 41.3%, ETH - 18.7%.

Cryptocurrency market capitalization exceeded $3 trillion. Of the top 10 in the last 24 hours, only two aBinance Coin (-3.1%) and Solana (-4.1%) lost in value.

On November 3, Ethereum rate reached $4639. By the end of October, ETH surpassed bitcoin in terms of price growth withThe share of the total number of employees is 42.9% vs. 39.9%, respectively.

As a reminder, investment bank Goldman Sachs said that the second-largest cryptocurrency in terms of capitalization will reach $8,000 by the end of 2021.а.The value of bitcoin rose nearly 7 percent on Monday and surpassed the $66,000 mark in trading for the first time since Oct. 21, witnessedThe bidding data are available.

On the largest cryptocurrency exchange in terms of trading volume, Binance, bitcoin was up 6.8% to 65.9 thousand dollars. According to CoinMarketCap, which calculates the average price across more than 20 exchanges, bitcoin was up 6.7%, also to 65.9 tthousand dollars. Dynamics is given for 24 hours everywhere.

Bitcoin value rises for the third trading day in a row, recovering fromthree sessions of decline.

Bitcoin price updated a historical record on October 20, rising to exactly $67,000 for the first time.Mining equipment manufacturer Bitmain will release a more efficient bitcoin mining device, the S19XP, with a record 150 TH/s hash rate, The Block reports, citing sourcesк.

The miner will use the latest 5-nanometer chip technology to provide increased speed and power efficiency. According to the source, the device will beThe power consumption is 3.1 kW⋅h and can deliver a hash rate of 150 TH/s.

According to sources, Bitmain plans to unveil the device in Dubai this week and is already promoting it among kThe S19XP will be the highest performing bitcoin mining hardware on the market. If the performance data is confirmed, the S19XP will be the highest performing bitcoin mining hardware on the market.

Right now, the leading miner from Bitmain - S19 Pro, which is based on a 7nm chip and produces 110 TH/s at 3.1 kW⋅h power consumption. Thus, the new miner will outperform it by 36% in terms of performance.

Thanks to the rebranding of Facebook (NASDAQ:FB) (the company will now be called Meta), the idea of a meta universe has drawn attention to several cryptocurrencies related to the concept and to the entire crypto-gaming and NFT sector in general.

And it is the little-known Loopring Cryptocurrency (LRC) that has benefited the most, whichI was worth about $0.4 before Facebook's announcement, and five days later, on November 2, it hit a record high of $1.7084, up almost 330%.

Despite the two-day correction, Loopring quickly resumed its rise and is now showing a 25% gain from yesterday and more than 110% for the week,then makes it by far the most efficient cryptocurrency in the top 100 (it is currently ranked 75th).

So what keeps it afloat and gives it momentum? If Loopring will continue to grow, it's because its growth has been driven by other positive news besides the meta-universe craze. Last Thursday, the specialist press drew attention to a code snippet posted on GitHub that had a hint pointing to a partnership with GameStop (NYSE:GME), which has not been retracted. We'll keep an eye on developments this week, as a rebuttal couldThe confirmation would lead to a fall in the currency, and the confirmation would lead to a new record.

Loopring runs on the etherium blockchain, which allows users to trade assets on various exchanges. It is not a decentralized exchange per se, but it is possible to trade assets without depositing funds into the exchange.According to CoinGecko, the cryptocurrency market has reached a new milestone of more than $3 trillion in market capitalization for the first time. This, according to Simon Peters, an analyst at eToro, is the highest since May this year, when capitalization reached $2.6 trillion. This change underscores the positive outlook for investors with the entry of ininstitutional players that use instruments such as bitcoin-ETFs.

In this market, bitcoin is still the "king of cryptocurrencies," with a market share of 42%. Its price is close to record highs again after correcting to the $60,000 mark. If it manages to set a new record high, it could rise to $70,000 - at least that's what Diego Morin, an IG analyst, thinks.

After BTC, the second most popular currency - Etherium is not going to give up its positions: it owns just over 18% of the crypto market.

Morin stressed that ethereum is once again attacking resistance areas, and today it set new record highs, exceeding $4700 for the first time, and gaveHe's focusing on the $5,000, which will be his next target.

Etherium has recovered more than 170% from the lows of last July thanks to the recovery of other cryptocurrencies developed on the Ethereum blockchain, and this could trigger a stronger bullish momentum for Ethereum.

Another surprise is the rise of a currency such as Solana, whichI've risen the most in terms of market capitalization. "It has surpassed Cardano as the fourth-largest crypto-asset in the world after an impressive rise in recent months, and is up 22% in the last week alone, although in terms of market capitalization it is still behind BTC and ETH with only 2.5% of the market," Peters said.

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