The total value of all cryptocurrencies reached a record $ 1.139 trillion on February 4th. In the long run, analysts say Bitcoin has the potential to take a share of the market value of gold alone, while the total value of all cryptocurrencies competes with silver with a market value of $ 1.5 trillion.
The crypto market, which reached a value of $ 1 trillion for the first time in early January, is the two assets: Bitcoin (BTC) and Ether (ETH). On January 7, when the value of the crypto market exceeded $ 1 trillion, Bitcoin’s dominance was 69 percent and Ether’s dominance was 13.5 percent. According to CoinMarketCap data, these rates were 62.2 percent for BTC and 15.6 percent for Ether as of this week.
Ether’s strengthening dominance signaled the performance of the coin this week. ETH broke the record, reaching $ 1,653 on February 3. On the same date, Bitcoin’s dominance fell to 61.6 percent.
Ether, which gained 6 percent value in the last 24 hours, is trading at $ 1,647, while Bitcoin, which gained 4 percent, is trading at $ 37,743.