As of today, the total market capitalization of the cryptocurrency market is US$1.07 trillion. The top five cryptocurrencies by market capitalization are: Bitcoin (BTC), Ethereum (ETH), stable currency Tether (USDT), and Binance Coin (BNB) and Ripple (XRP).
The latest cryptocurrency market capitalization ranking
As of today, the total market capitalization of the cryptocurrency market is US$1.07 trillion. The following are the top five cryptocurrencies by market capitalization in the current currency circle:
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Bitcoin (BTC): Market capitalization of $465 billion
Bitcoin is the dominant force in the cryptocurrency market, accounting for approximately 43.5% of the entire market. Originally launched in 2009, it is a decentralized, peer-to-peer digital currency.
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Ethereum (ETH): Market Cap $149 Billion
Ethereum is a blockchain-based distributed computing platform that allows developers to build and deploy smart contracts and decentralized applications (dApps).
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Stablecoin Tether (USDT): Market cap $68 billion
Tether is a stablecoin pegged 1:1 to the U.S. dollar and aims to provide a reliable store of value for the cryptocurrency market.
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Binance Coin (BNB): Market Cap $46 Billion
BNB is the native token of the Binance exchange and can be used to pay trading fees, participate in staking, and access other platform features.
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Ripple (XRP): Market Cap $21 Billion
XRP is a digital asset designed to enable fast and low-cost cross-border payments. It is mainly used by banks and financial institutions.
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