Crypto Market Crosses $3 Trillion, Bitcoin All-time High

Crypto Market Crosses $3 Trillion, Bitcoin All-time High. The global cryptocurrency market has crossed the $3 trillion mark for the first time.

The value of Bitcoin and Ethereum has reached all-time highs. Bitcoin and ether set new all-time records at $68,641.57 and $4,857.25 on Tuesday.

Despite the uncertainties and the high volatility surrounding it, bitcoin may touch the $100,000 mark by the end of this year.

The market capitalization of bitcoin alone has crossed $2.5 trillion globally amid its increasing use, especially in India.

Shivam Thakral, CEO, BuyUcoin said, “The growth of crypto assets across the globe is a testimony to the fact that the number of investors joining the crypto revolution is increasing rapidly.

We are seeing a huge jump in trading volume on our exchange and crypto has become the first choice of investors to beat inflation.

“We remain optimistic that Bitcoin will continue testing its all-time high and hit the $100,000 mark by the end of this year,” he added.

We are witnessing the biggest financial revolution in modern history that will forever change the way monetary transactions are executed.

According to Nigel Green, CEO, and founder of Deware Group, which has $12 billion under management, bitcoin is unquestionably a mainstream asset class and most investors should consider including crypto assets as part of a diversified portfolio.

That said, in July, we publicly predicted that bitcoin would reach and most likely surpass all previous all-time highs.

I believe there may be some gains in the short term so that investors can deposit more later, the momentum is such that we can expect prices to continue their upward move.

The Indian cryptocurrency market in India is expected to reach $241 million by 2030 and $2.3 billion worldwide by 2026.

According to a report by NASSCOM, the apex body of the IT industry, there are 15 million retail investors investing in the crypto tech sector in India.