The Bitcoin and Ethereum market continues to amaze. The world's oldest cryptocurrency scored a new ATH, while the combined value of all digital currencies and tokens just reached $1 trillion. Market capitalization at record levels The total market capitalization of all cryptocurrencies on the market today has surpassed as much as $1 trillion for the first time. This happened at 7 p.m. ET on Tuesday, January 6. This was influenced by the two main digital currencies - Bitcoin, which briefly broke through the $37,000 level at that time, and Ether, which in turn cost more than $1,200 for the first time since 2018. It is worth mentioning that the capitalization of the entire market has doubled over the past month. During this time, Bitcoin has almost continuously increased in price, and now altcoins, led by Ether, are slowly joining this race. A capitalization of up to a trillion USD has been reached while now, which is just a few days after the market surpassed the highs of the 2017 bull market. According to CoinMarketCap, during the last peak of the cycle in early 2018, the total market capitalization reached around $830 billion. Bitcoin's ATH and alts season Today, 1 BTC costs about $37,000, which is 2 percent more than yesterday and about 30 percent more than 7 days ago. On the other hand, for 1 ETH on exchanges is already paid approx. 1 200 USD (yesterday even more), which translates into a 4 percent increase in the scale of 24 hours and a 60 percent increase in the price within a week. Bitcoin has also set a new ATH of $37,730. ETH has a chance to pierce the ATH of early 2018 later this week. It's worth noting that the long-term gains on BTC eventually lead to altcoin season, which is probably happening right now. You can always check the current exchange rate of bitcoin and other cryptocurrencies under the bitcoin exchange rate and cryptocurrency exchange rate tabs at bitcoin.co.uk. Places where you can buy BTC and other coins include the BitBay.net cryptocurrency exchange. If you don't have an account on BitBay yet, this article will show you how you can create one efficiently: LINK. Tags btc ETH market capitalization
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