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Reading: Crypto Market Surpasses Apple as the World’s Largest with $3.56 Trillion Valuation
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COINTURK NEWS > Cryptocurrency News > Crypto Market Surpasses Apple as the World’s Largest with $3.56 Trillion Valuation
Cryptocurrency News

Crypto Market Surpasses Apple as the World’s Largest with $3.56 Trillion Valuation

In Brief

  • The crypto market's value exceeds $3.56 trillion, eclipsing Apple's worth.

  • Trump's presidency boosts optimism and market gains in Bitcoin and Ethereum.

  • XRP and Solana show significant increases, reflecting positive investor sentiment.

Ömer Ergin
Ömer Ergin 5 months ago
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The crypto market today reached a total market capitalization of $3.56 trillion, surpassing Apple’s $3.5 trillion value and becoming the largest company globally. In the last 24 hours, the market showed a 2.3% increase while maintaining trading volume at approximately $152 billion. Bitcoin (BTC) $104,617 rose above the $102,000 mark, fueled by optimism surrounding Trump’s upcoming presidential decision. Additionally, Hedera (HBAR) and FARTCOIN recorded a notable increase of 20% within the same timeframe.

Contents
Bitcoin and Ethereum Market InsightsPerformance of XRP and Solana

Bitcoin and Ethereum Market Insights

The prospect of Donald Trump’s presidency has heightened optimism in the crypto market. Anticipations are building that the SEC will introduce friendlier regulations and clearer token guidelines. Cooling inflation data supports expectations for interest rate cuts from the Fed. Today, BTC gained 1.5%, while ETH saw a 3% increase.

Performance of XRP and Solana

XRP reached $3.31 with a 10% increase over the past 24 hours. Its weekly gain stands at 45%, and the three-month gain is around 500%. Ripple $2‘s CEO, Brad Garlinghouse, indicated that US crypto reserves could include XRP, SOL, and USDC. Meanwhile, Solana $153 also achieved a 5% increase, reaching $212, with a market value of $103 billion.

The daily top gainers included Hedera (HBAR) and FARTCOIN with a significant 20% rise. In contrast, the biggest losers were ai16z and Virtuals Protocol, which fell by 12% and 5.68%, respectively. Meme coins followed a positive trend, with Dogecoin $0.188779 and Shiba Inu increasing by 3% and 2%. However, Bitcoin experienced a 1% decline in recent hours.

The crypto market continues to be supported by potential improvements from Trump and the Fed’s interest rate policies. The rises in major cryptocurrencies reflect overall market sentiment, while fluctuations in meme coins maintain investor interest.

You can follow our news on Telegram, Facebook, Twitter & Coinmarketcap
Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research.

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Ömer Ergin 17 January, 2025 - 10:35 am 17 January, 2025 - 10:35 am
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