Total Crypto Market Cap Tops $2T to Recapture Milestone
- The total crypto market cap reaches a new psychological milestone.
- Prices are still below the November 2021 market top.
- Expectations for altseason are building.
After a crushing multi-year crypto winter that saw prices and sentiment plummet, it seems the worst has passed. Signifying this passing of bearishness, the total crypto market cap crossed above the $2 trillion mark on February 20, marking a 98-week high to elicit hope for more gains to come.
Total Market Cap Hits Turning Point
The total crypto market cap recaptured $2 trillion on Tuesday, spurring a wave of positive market sentiment. The crypto market has been caught in an uptrend since Q4 2023, bouncing from a local bottom of $1.05 trillion in mid-October 2023, as Bitcoin ETF hype took hold to send prices higher.
Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.
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