Digital money industry valuation exceeds $1.175 trillion for the first time amid rising bitcoin and other coins.
On Friday, February 5, the total capitalization of the crypto market reached an all-time high of more than $1.175 trillion, with total daily trading volumes reaching $160 billion. This came on the back of the rise in the value of bitcoin and other cryptocurrencies.
Over the past week, the main digital coin gained 13%, Ethereum gained 24%, and Polkadot gained 20%. At its peak, bitcoin’s capitalization exceeded $700 billion and ETH was $190 billion.
Earlier payment giant Visa announced the release of its own system (API) for the purchase of cryptocurrencies, which will be integrated by banks. The launch of the product is scheduled for the end of this year. The first user of the service will be a digital bank First Boulevard.