Although most digital assets have slowed down their gains from the previous weeks, the cryptocurrency market has increased its total value by over 3% today, and the reasons largely trace back to the flagship decentralized finance (DeFi) asset that has reached its new yearly high.
Indeed, the cryptocurrency sector’s total market capitalization currently stands at $1.37 trillion, indicating a 3.008% increase from the $1.33 trillion in the last 24 hours, according to the data retrieved by Finbold from the crypto monitoring platform CoinMarketCap on November 9.
On top of that, thanks to the strong and steady advances of Bitcoin (BTC), which has recently surpassed the psychologically critical $36,500 price level, the total crypto market cap has risen a staggering 72.59% since $793.77 billion, where it stood on January 1, 2023.
Total crypto market cap year-to-date (YTD) chart. Source: CoinMarketCap
What’s happening in crypto
Meanwhile, the maiden crypto asset was at press time changing h
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