The global crypto market cap is $1.14T, a 1.97% decrease as of 27th of March 2023. Bitcoin’s dominance is currently 46.02%, a decrease of 0.35% over the previous day. As of the time of this writing, the total crypto market volume in 24 hours was $45.45B, which makes a 38.21% increase. The total volume in DeFi was currently $3.88B, 8.54% of the total crypto market 24-hour volume. The volume of all stable coins was at $41.16B, which is 90.56% of the total crypto market’s 24-hour volume.
This shows that more investors are beginning to put funds in stable coins to purchase crypto assets in the future. Based on the market cap of cryptocurrencies, here are the top 5 cryptocurrencies and their market caps: Bitcoin $523Billion, Ethereum $213.6Billion, Tether $79.45Billion, BNB $49Billion and USD coin $33.4Billion. Since the creation of cryptocurrency, Bitcoin has topped the list. After Bitcoin’s all-time high was reached in 2021 at $69,149, the price of Bitcoin began to fall which made 2022 one of the worst years for crypto investors. Price of most crypto assets fell badly as Bitcoin hit $15,749 and Ethereum hit $891 from the all-time high at $4860.
Prices of many cryptos have been ranging for some months now, the bears’ momentum is quite low at the moment. Indications show that the price of crypto assets will appreciate in the next few weeks as we might see Bitcoin above $60,000 and Ethereum above $3,600. This will in turn appreciate the value of NFTs.
Some of these ideas are in our clients’ portfolios. To understand if this one can work for you or for help to invest your own wealth, talk to our advisors at FM Capital Group. Would you like more information on how to get cryptocurrencies in your portfolio? Schedule a meeting with us here