Crypto market cap adds $1 trillion in the last year – Finbold report
The global cryptocurrency market has added $1 trillion in value over the past year, climbing from around $2.28 trillion last June to $3.29 trillion on June 25, as revealed by data sourced from CoinMarketCap and analyzed by Finbold. This 43% surge in total market capitalization underscores a broad-based crypto rally, but the gains have been unevenly distributed across categories. Crypto market cap 1-year. Source: CoinMarketCap Bitcoin (BTC) has led the charge, swelling its market cap by about 74.7% to approximately $2.13 trillion, which solidifies BTC’s dominance at roughly 60% of the entire market. Crypto market cap 1-year distribution. Source: CoinMarketCap Stablecoins (USD-pegged digital tokens used for liquidity and trading) also expanded by 51.5%, now making up over $230 billion of the market – a sign of significant new capital parked in crypto’s dollar-based rails. The aggregate value of “Other” cryptocurrencies – essentially all non-Bitcoin, non-Ethereum...