Posted November 30, 2020 10:53:14The market capitalisation of crypto-currencies has grown to $16.4 billion by the end of 2020, according to CoinMarketCap data.
This is a new record and it comes as Bitcoin, Ethereum and Litecoin are all growing rapidly.
The market capitalisations of all cryptocurrencies have surpassed $100 billion so far.
The markets are in flux as the government has been cracking down on financial crime, including tax evasion and money laundering, as well as the use of ICOs.
However, there is a growing demand for crypto-assets, especially Bitcoin.
In the last 12 months, the crypto-market value has increased by more than 300% from $10 billion to $30 billion.
The global capitalisation for crypto assets has reached $8.4 trillion, according the CoinmarketCap data, which also includes digital currencies like Ethereum and Ripple.
The value of crypto assets in 2020, when the total market capitalised by cryptocurrencies is at $100bn, is higher than the $5.6 trillion that was in 2020 in the first quarter of 2021.
The next quarter, 2019, is predicted to be the peak.
The total value of the global crypto-markets, which includes bitcoin, Ethereum, Litecoin and Ripple, will grow to $50.7 trillion by 2020.
The latest data also shows that China is the largest market for cryptoassets with $7.6 billion in value in 2020.
However the world’s largest economies, India, Brazil and South Africa are also major players in the crypto market.
These countries have seen an increase in their share of the crypto markets in the last year and are expected to continue to grow in the future.
The world is becoming increasingly reliant on the internet to conduct transactions.
This is driving demand for a safe, secure and affordable alternative.