An overview of the cryptocurrency market today Tuesday, February 16
Over the past 24 hours, we have seen a significant improvement in the cryptocurrency market after a slight correction that occurred yesterday morning. Bitcoin hit $ 50,000 for the first time, and the total cryptocurrency market capitalization rose to over $ 1.5 trillion.
Bitcoin touched the $ 50,000 level
For the first time in history, the market's top cryptocurrency touched the $ 50,000 target. Reaching this milestone, the price of bitcoin has grown by more than 72% since the beginning of 2021.
This happened after a few days of fluctuations in the price movements of this currency. On Sunday, Bitcoin seemed ready to break the $ 50,000 level. But during Asian trading, BTC experienced a slight correction and fell below $ 46,000.
Since then, the cryptocurrency has risen to less than $ 50,000 in less than a day.
Polkadat in fourth place
Meanwhile, according to CoinGecko, the Polkadat cryptocurrency (DOT) has officially become the fourth largest cryptocurrency in the market in terms of market value. The Altcoin surpassed Cardano to increase its distance from Tetra to $ 3 billion.
The total value of the crypto market has exceeded $ 1.5 trillion.
As can be seen in the map above, today the cryptocurrency market is a green hand. Atrium traded up about 2.5% at more than $ 1,800, DOT rose more than 14%, while ADA saw growth of 7.5%.
LightCoin is now approaching the $ 220 mark with a rise below 7%. XRP could not keep up with this wave and recorded only 0.55% growth.
In fact, the market situation today has been so favorable that Coin Market Cap data in the last 24 hours introduces only the VGX token with a 1.2% decrease as today's loser.