Cryptocurrency market capitalization has risen to its highest level since June 2022, boosted by Bitcoin (BTC)’s massive 70% year-to-date gain.
The rise is all the more remarkable as the industry faces the most aggressive crackdown in its history. Despite a tough regulatory outlook, the market capitalization of crypto assets has risen to $1.19 trillion, according to data from CoinMarketCap. About $800 billion at the beginning of the year.
Bitcoin’s share of the cryptocurrency market has expanded as its market capitalization has risen. Bitcoin posted its best quarter in two years in the first quarter, with dominance reaching a nine-month high of 45.5% in March.
April has historically been a good month for Bitcoin, and the precedent points to a continuation of the rally. According to Matrixport data, Bitcoin has risen in six of the last ten years in April, posting an average return of 17%.
｜Translation: coindesk JAPAN
｜Editing: Takayuki Masuda
｜Image: Bitcoin price transition from the beginning of the year (CoinDesk)
｜Original: Bitcoin’s Huge Surge Pushes Crypto Market Cap to $1.19T, the Highest Since June
The post Bitcoin rises to $1.19 trillion in market capitalization of crypto assets ── Highest level since June 2022 | coindesk JAPAN | Coindesk Japan appeared first on Our Bitcoin News.