Bitcoin

Although the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency industry</a> has been under a lot of <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulatory</a> pressure in recent months, it has demonstrated significant resilience, reflected in both the growing prices of its largest assets as well as the number of new <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrencies</a> appearing on the market.Indeed, the <a href="https://web.archive.org/web/20230101000331/https://coinmarketcap.com/" rel="noopener noreferrer nofollow">historical data</a> that <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> retrieved using the Internet Archive’s Wayback Machine indicates that the <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market had 22,157 digital assets as of January 1, 2023, when its global market cap stood at a mere $795.56 billion, as shown by the crypto tracking platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on that date.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/dd8ffcdd5a9145e98881e4da492642f0.png" />Total number of cryptocurrencies as of January 1, 2023. Source: <a href="https://web.archive.org/web/20230101000331/https://coinmarketcap.com/" rel="noopener noreferrer nofollow">Wayback Machine</a>Notably, as of March 29, 2023, the number of cryptocurrencies <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">tracked</a> by a largest digital asset market data website stood at 23,095, revealing that 938 new digital assets were added to a global crypto market this year to date with the crypto market cap amounting to a significantly higher at $1.19 trillion, demonstrating that it has regained its <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bullish</a> momentum.Interestingly, the figures render a fact that crypto sector has been adding around 10 new cryptocurrencies per day in 2023 despite trials and tribulations caused by the renewed offensive from <a href="https://finbold.com/guides/banking/" rel="noopener noreferrer nofollow">banking</a> authorities and <a href="https://finbold.com/category/regulations-news/" rel="noopener noreferrer nofollow">regulators</a> that have recently culminated with a lawsuit against <a href="https://finbold.com/review/binance-review/" rel="noopener noreferrer nofollow">Binance</a>, the world’s largest <a href="https://finbold.com/guide/best-cryptocurrency-trading-platforms/" rel="noopener noreferrer nofollow">crypto exchange</a>.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/8c939e040b07465d896385e3e3c5287b.png" />Total number of cryptocurrencies as of March 29, 2023. Source: <a href="https://coinmarketcap.com/" rel="noopener noreferrer nofollow">CoinMarketCap</a>As a reminder, the number of assets on the crypto market <a href="https://finbold.com/number-of-new-cryptocurrencies-surpasses-21000-despite-shaky-markets/" rel="noopener noreferrer nofollow">surpassed the 21,000 mark</a> for the first time in history in September 2022, followed by <a href="https://finbold.com/number-of-cryptocurrencies-surpass-22000-milestone-amid-2022-bear-market/#" rel="noopener noreferrer nofollow">breaking the 22,000 level</a> on December 11, amid a <a href="https://finbold.com/guide/bear-market-definition/" rel="noopener noreferrer nofollow">bear market</a> that had seen the sector’s market cap decline from $2.2 trillion on January 1, 2022, to $795.56 billion on January 1, 2023 – or 63.83%.<h2 id="header-0">Crypto market cap rallies</h2>However, the recent advances of the industry’s representatives, including Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>), which has added <a href="https://finbold.com/bitcoin-adds-30-billion-to-its-market-cap-in-a-day-is-btc-price-set-to-hit-30000/" rel="noopener noreferrer nofollow">$30 billion to its market cap in a day</a>, have pushed the total crypto market cap to the current $1.19 trillion, as it grew by nearly $390 billion or 50% since the beginning of this year, as the CoinMarketCap chart patterns and data indicate.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/12ac170f4a5e403ebaa8a24de042bab9.png" />Total cryptocurrency market cap. Source: <a href="https://coinmarketcap.com/charts/" rel="noopener noreferrer nofollow">CoinMarketCap</a>Meanwhile, the crypto community has not taken the recent blows quietly, as Binance CEO Changpeng Zhao <a href="https://finbold.com/binance-ceo-refuses-to-back-down-amidst-cftcs-damning-allegations/" rel="noopener noreferrer nofollow">called</a> the lawsuit coming from the United States Commodity Futures Trading Commission (<a href="https://finbold.com/topic/cftc/" rel="noopener noreferrer nofollow">CFTC</a>) “unexpected and disappointing,” whereas law firm Cooper &amp; Kirk wrote a letter to Congress urging it to hold regulatory agencies to account, as <a href="https://finbold.com/cardano-founder-weighs-in-on-letter-accusing-us-regulators-of-war-on-crypto/" rel="noopener noreferrer nofollow">shared</a> by Cardano (<a href="https://finbold.com/cryptocurrency/cardano/" rel="noopener noreferrer nofollow">ADA</a>) founder Charles Hoskinson.Disclaimer: The content on this site should not be considered investment advice. Investing is speculative. When investing, your capital is at risk.Read more cryptocurrency news on <a href="https://finbold.com/category/cryptocurrency-news/?utm_source&#61;CMC&amp;utm_medium&#61;social&amp;utm_campaign&#61;CMC&amp;utm_content&#61;long" rel="noopener noreferrer nofollow">Finbold.com</a>.

Crypto market adds nearly 1,000 new coins in 2023 as momentum returns

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