Crypto market capitalization reached $9 billion on January 15, 2018, as the digital currency market capitalized nearly $7 billion, a new report revealed.
The figure also includes more than $3.6 billion in market cap that is tied to cryptocurrencies.
This marks a huge milestone for the cryptocurrency industry and for the wider cryptocurrency market.
Crypto market value is currently hovering around $3,700 per coin, which is just above the $3 per coin valuation of bitcoin.
This is a milestone for both cryptocurrency and blockchain technologies.
Bitcoin has reached the $6,000 mark for the first time in 2017, with its value reaching $6.7 billion.
Blockchain technology has a huge market cap of $16.5 billion, according to FactSet data.
However, the cryptocurrency market cap has been on the decline, reaching a record low of $6 billion on November 7, 2018.
The cryptocurrency market is expected to reach $10 billion by 2022.
The number of cryptocurrency miners has increased by almost 50% over the past year, reaching 2.8 million as of December 1, 2018 according to Bitfury data.
Bitcoin mining is the process of developing new cryptocurrencies through a process known as “mining”.
It can be considered a relatively new technology and is still in its infancy.
It is estimated that Bitcoin has a market cap estimated at more than four times the market cap for all cryptocurrencies combined.
The total cryptocurrency market value surpassed $6 trillion last year, and it was surpassed by Ethereum, Ripple and Ethereum Classic in the past three months.
The Bitcoin price has been increasing at a steady rate of almost 10% per year.
Bitcoin is currently trading at around $2,800 per coin and is currently the third most popular cryptocurrency by market capitalisation after Ethereum and Ripple.
However the crypto market is likely to reach a new plateau by 2022, and may hit the $10 trillion mark by 2022 or even beyond, according Topper Capital research analyst Michael J. Kelly.
This figure is still significantly lower than the value of the entire bitcoin market, which stands at more that $18 trillion.
However it does suggest that cryptocurrencies will be an important asset class for investors for years to come.
The crypto market will likely reach $100 billion by the end of 2022, according data from the cryptocurrency investment management firm Blockchain Capital.
It has been predicted that the cryptocurrency and Blockchain market will reach $20 trillion by 2020.
In 2018, the price of Bitcoin reached an all-time high of $3266 per coin.
The value of digital currencies in 2018 was valued at $18 billion.
The bitcoin market cap reached $7bn, or almost $7 per coin on January 1, 2019, according a report from cryptocurrency trading website CoinMarketCap.