The market capitalization of crypto has crossed one trillion dollars. According to CoinMarketCap, it stood at around $1.04 trillion. This is the first time since November last year that the total market value of crypto has exceeded one trillion dollars.
Edul Patel, CEO and co-founder of crypto firm Mudrex, told Gadgets 360, "Bitcoin could soon hit $23,000 if it continues to rally." And it is likely to increase."
The bankruptcy of one of the major crypto exchanges, FTX, at the end of last year had a major impact on the market.
Due to this, a large number of investors had distanced themselves from cryptocurrencies. Clients' funds were used by modifying FTX's software.