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On March 30, after Bitcoin and Ethereum rose sharply in the past 24 hours, the total market value of cryptocurrency assets hit a record high of US$1.9 trillion. There is currently a slight decline, and the total market value of cryptocurrencies is 1.85 trillion US dollars. At the beginning of this year, the market value of cryptocurrencies was close to 750 billion U.S. dollars.
According to the latest data from coinmarketcap, the world's largest cryptocurrency Bitcoin has a market value of more than 1.1 trillion U.S. dollars, and the world's second largest cryptocurrency, Ethereum, has a market value of nearly 210 billion U.S. dollars.
In recent months, the acceptance of special currencies and other cryptocurrency investments by institutions has increased significantly.
The three major payment giants embrace the cryptocurrency market
Payment giant Visa announced on Monday that it will allow its partners to process fiat currency transactions on the Ethereum blockchain.
"We are seeing growing consumer demand for accessing, holding and using digital currencies around the world," said Cuy Sheffield, head of Visa Crypto, in a statement yesterday.
Subsequently, another payment giant PayPal announced on Tuesday that it would allow US users to use cryptocurrency assets to pay merchants.
In addition to PayPal and Visa, payment giant MasterCard announced in February 2021 that it will support cryptocurrency payments this year. Raj Dhamodharan, Executive Vice President of Mastercard Blockchain and Digital Partnerships, said that the company has begun to integrate selected cryptocurrency assets, and Tesla, the world’s largest electric car manufacturer, announced earlier this month that US consumers Now you can use Bitcoin to buy Tesla products.
Bitcoin and Ethereum account for more than 70% of the total market value of cryptocurrencies. In recent months, digital currencies such as Binance Coin, Polkadot, Cardano and XRP have risen sharply. The market value of the cryptocurrency market is currently close to US$1.9 trillion, which exceeds the total GDP of Canada.
