After a turbulent couple of months, the cryptocurrency market has surged by 47% in the previous 30 days, adding $0.73 trillion in value.
Indeed, the crypto market value is now worth $2.28 trillion, up 2.27% in one day. Quantitatively, the crypto market volume has risen by 4.81% to $134.82 billion in the previous 24 hours. As a result of the growing interest in decentralized finance (DeFi), the total volume in DeFi is presently $14.96 billion, or 11.1% of the entire 24-hour volume in the crypto market.
Moreover, analyzing the cryptocurrency market during the last month reveals the market was worth $1.55 trillion on August 4 and is now worth $2.28 trillion on September 4, representing a stunning $730 billion influx in only 30 days which is a 47% increase, according to CoinMarketCap.com.
With many trading experts considering that we are in the second leg of a bull run, crypto trader and analyst Michael van de Poppe has stated:
“Total #crypto market capitalization is looking for continuation and a new all-time high.”
This article was not written by The London Crypto Exchange.