TL;DR Breakdown Cryptocurrency market cap surpasses $2 trillionCryptocurrency space still facing many challenges and crackdowns It has been a remarkable week for the digital space as Bitcoin and other altcoin rallied pushing the total cryptocurrency market cap back above two trillion dollars. According to CoinGecko the cryptocurrency market cap at the time of publication was $2.05 trillion, up by 1.5 percent in the last 24 hours. Bitcoin the latest digital asset by market cap was up by 42.2 percent and Ethereum dominance was at 18.3 percent. The recent rise in the cryptocurrency market cap has been credited to the surge in the price of some digital assets. In addition to Bitcoin and Ethereum, assets like Solana (SOL), Cardano (ADA), Ripple (XRP), and Terra (LUNA) have recorded massive growth in the last seven days. Bitcoin went as high as $48,152, the highest level since May, as the token showed staying power above its 200-day moving average. Other tokens like ADA, XRP and SOL was up by 47 percent, 57 percent and 78 percent respectively over the past seven days. It is worth knowing that the cryptocurrency market cap surpassed $2 trillion again since last achieving the mark on May 17 this year. However, after hitting the peak of more than $2.5 trillion in May the crypto market witnessed a major pulled back and saw a couple of months of downward trend to as low as $1.19 trillion on July 20. Cryptocurrency market still facing ma...
