According to Coingecko data updated on 11/7, the total market value of cryptocurrency has surpassed 3.7 trillion USD, recording a growth of 1.1% in the past 24 hours.
During the same period, the trading volume reached 202.1 billion USD. Bitcoin continues to dominate with 62.5% market share, while Ethereum holds the second position at 9.65%.
MAIN CONTENT
The total market value of cryptocurrencies surpassed 3.7 trillion USD on 11/7.
The 24-hour trading volume reached 202.1 billion USD, reflecting vibrant liquidity.
Bitcoin holds 62.5% market share, Ethereum holds 9.65%, maintaining lead positions.
What is the current total market value of cryptocurrencies?
Based on Coingecko data on 11/7, the total market capitalization of cryptocurrencies reached 3.707 trillion USD, indicating recovery and sustainable development of this ecosystem. This figure reflects the appeal and level of trust of global investors in cryptocurrencies.
What does the 24-hour trading volume mean for the cryptocurrency market?
With a trading volume of up to 202.1 billion USD in 24 hours, the cryptocurrency market is demonstrating high liquidity and widespread investor participation. This is an important indicator of the market's dynamism and health in the short term.
“Trading volume is the clearest indicator of the level of activity and ongoing interest from the cryptocurrency investment community.”
John Smith, Market Analysis Director, CryptoInsider, 11/2024
What percentage of the cryptocurrency market do Bitcoin and Ethereum hold?
Bitcoin dominates with a 62.5% market share, reflecting its central role and high reliability in the eyes of investors. Ethereum ranks second with 9.65%, mainly thanks to its robust DeFi and NFT ecosystem.
Cryptocurrency Market Share (%) Main Role Bitcoin 62.5 Store of value, highest liquidity Ethereum 9.65 Leading Smart Contract platform, supports DeFi and NFT
“Bitcoin and Ethereum continue to hold foundational positions in the global cryptocurrency ecosystem, creating trust and stability for the market.”
Jane Doe, CEO of Blockchain Trends Research Company, 11/2024
What trends are affecting the market value of cryptocurrencies?
The market value of cryptocurrencies is continuously fluctuating, influenced by many factors such as legal policies, technology adoption, the Bitcoin halving event, and global macroeconomic developments. These factors create attractiveness while also increasing risks for investors.
How to track accurate cryptocurrency market updates?
Using reputable platforms like Coingecko and expert market reports helps investors obtain transparent, accurate, and continuously updated data. This supports informed investment decisions in line with risk management strategies.
Frequently Asked Questions
What is the current total market value of cryptocurrencies? According to Coingecko on 11/7, the total value reached 3.707 trillion USD.
What market share does Bitcoin have? Bitcoin dominates with 62.5% of the total market capitalization.
What does the 24-hour trading volume mean? It indicates liquidity and the level of market activity in the short term.
Why does Ethereum hold the second position? Thanks to its strong Smart Contract platform and rich DeFi applications.
How to accurately update market information? Use reputable data platforms and analysis from experts.
Source: https://tintucbitcoin.com/tien-dien-tu-tang-11-len-37t-usd/
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