Over the past 24 hours, the market capitalization of the cryptocurrency market has increased slightly.
The increase in market capitalization was helped by the rise in the price of #BTC and #ETH .
The market capitalization of the cryptocurrency market has increased slightly recently. This increase is mainly due to the rise in the prices of #bitcoin [BTC] and Efirium [ETH], which dominate the market.
In addition, both assets have shown significant savings recently.
According to CoinMarketCap, the market capitalization of the crypto market has increased by more than 1% in the last 24 hours.
It currently has a market capitalization of over $22.6 trillion. According to the analysis, Bitcoin accounts for more than 53% of the market capitalization, equivalent to about $11.4 trillion, while Efirium accounts for about 18%, valued at about $446.3 billion.
Further analysis revealed that market capitalization has increased by almost $1 trillion from the end of last month to the present.
The market capitalization at the end of the 5th month was about $11.54 trillion. It currently stands at about RM2.54 trillion, indicating an increase of nearly 11 trillion.
The latest analysis shows that Bitcoin and Efirium's accumulation has increased over the past few days. This accumulation coincides with pronounced price fluctuations and contributes to the increase in market capitalization.
According to CryptoQuant, the number of 1,000 to 10,000 bitcoin wallets is on the rise.
These wallets now collectively hold over 360 million BTC, indicating significant accumulation of funds despite recent price fluctuations.
Further analysis showed that this trend has continued since May 3. Furthermore, the 1000BTC wallet now accounts for about 40% of the total number of bitcoins.
In addition, the data shows that the savings from large addresses in #Ethereum are increasing.
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