Crypto market value hits an all-time high of $1.68 trillion over strong demand

Crypto market valuation breached the $1.68 trillion mark overnight before settling around $1.58 trillion price levels.

It was another big day for many crypto watchers in the crypto-verse, as the crypto market broke record levels.

Hence, the global crypto market cap is $1.58 trillion, a 0.28% increase over the last day.

• The total crypto market volume over the last 24 hours is $141.41 billion, which makes a 27.60% decrease.
• The total volume in DeFi is currently $12.29 billion, 8.69% of the total crypto market 24-hour volume.
• The volume of all stable coins is now $107.20 billion, which is 75.81% of the total crypto market 24-hour volume.
• Bitcoin’s price is currently $51,319.34.
• Bitcoin’s dominance is currently 60.58%, a decrease of 0.78% over the day.
• Crypto analysts have cited the incredible demand seen from crypto traders, trend-following hedge funds, and lately the powerful institutional investors as among the reasons for such record gains.
• Crypto assets are flying as the world becomes awash with record stimulus deals, triggered by global central banks using such programs in supporting the global economy.
• This incredible feat in the crypto market shows global investors and traders are rushing into digital coins, and hedging against inflation-prone assets like currencies.
• That said, the DeFi crypto market value currently stands at $67.97 Billion, a 22.13% decrease over the last day.