Bitcoin

As Bitcoin (<a href="https://finbold.com/cryptocurrency/bitcoin/" rel="noopener noreferrer nofollow">BTC</a>) finally <a href="https://finbold.com/bitcoin-blasts-through-30k-barrier-experts-predict-whats-next-for-btc/" rel="noopener noreferrer nofollow">crossed</a> the psychological threshold of $30,000, the <a href="https://finbold.com/category/cryptocurrency-news/" rel="noopener noreferrer nofollow">cryptocurrency sector</a> has woken up to a ‘good morning,’ the positive momentum helping it grow its market capitalization by $52 billion in a single day, as <a href="https://finbold.com/guide/bull-market-definition/" rel="noopener noreferrer nofollow">bulls</a> look toward reclaiming the $2 trillion level.Indeed, the total <a href="https://finbold.com/guides/cryptocurrency/" rel="noopener noreferrer nofollow">crypto</a> market cap is currently above the 200-MA (<a href="https://finbold.com/guide/moving-average/" rel="noopener noreferrer nofollow">moving average</a> across 200 observed time periods) and 200-EMA (exponential moving average), according to the <a href="https://twitter.com/CryptoMichNL/status/1645692709435260929" rel="noopener noreferrer nofollow">analysis</a> published by <a href="https://finbold.com/guide/cryptocurrency-trading/" rel="noopener noreferrer nofollow">crypto trading</a> expert Michaël van de Poppe on April 11.<h2 id="header-0">$2 trillion in sights?</h2>That said, the analyst also stressed that the <a href="https://finbold.com/cryptocurrencies/" rel="noopener noreferrer nofollow">cryptocurrency</a> market needed to break crucial <a href="https://finbold.com/guide/support-and-resistance/" rel="noopener noreferrer nofollow">resistance</a> at $1.25 trillion to continue toward $2 trillion as it currently stands at close to $1.24 trillion, demonstrating a “beautiful retest of 2017 peak high &amp; weekly bullish divergence.”<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/540b62f1a7004edcb813e5ba10e82c12.png" />Crypto market cap analysis. Source: <a href="https://twitter.com/CryptoMichNL/status/1645692709435260929" rel="noopener noreferrer nofollow">Michaël van de Poppe</a>As it happens, the total crypto market cap increased from $1.19 trillion to $1.24 trillion at press time, which means that it has added more than $52 billion or 4.43% in just 24 hours, as per the latest data accessed from the crypto tracking platform <a href="https://finbold.com/guide/best-crypto-data-websites/#CoinMarketCap" rel="noopener noreferrer nofollow">CoinMarketCap</a> on April 11.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/c33f0512ff6647798c353bdb89806210.png" />Total crypto market cap 24-hour chart. Source: <a href="https://coinmarketcap.com/charts/" rel="noopener noreferrer nofollow">CoinMarketCap</a><h2 id="header-1">Blood in the fiat streets</h2>Compared to <a href="https://finbold.com/topic/bitcoin/" rel="noopener noreferrer nofollow">Bitcoin</a> and other crypto assets, fiat currencies have been going through a bloodbath, continuously losing their value on daily, weekly, monthly, and even year-to-date (YTD) charts, according to the recent <a href="https://www.pricedinbitcoin21.com/landing" rel="noopener noreferrer nofollow">data</a> acquired from pricedinbitcoin21, the platform that tracks prices of traditional assets versus Bitcoin.For instance, United States Dollar (USD) has dropped 32.66% in the last month compared to Bitcoin, the Euro (EUR) 30.99%, the British Pound (GBP) lost 30.44%, the Chinese Yen (CNY) 32.45%, and the Russian Ruble (RUB) 38.46%, all the while Bitcoin increased its value by 46.50%.<img src="https://academy-public.coinmarketcap.com/srd-optimized-uploads/2428185a57874168a1121fcf2b939c1e.png" />Fiat currencies priced in Bitcoin. Source: <a href="https://www.pricedinbitcoin21.com/landing" rel="noopener noreferrer nofollow">pricedinbitcoin21</a>As a matter of fact, the price of Bitcoin at press time stood at $30,064, gaining 6.22% over the last 24 hours, 8.08% across the week, 46.50% in the previous 30 days, as well as 80.98% since the year’s turn, according to the recent data retrieved by <a href="https://finbold.com/" rel="noopener noreferrer nofollow">Finbold</a> on April 11.It should also be noted that <a href="https://finbold.com/guides/investing/" rel="noopener noreferrer nofollow">investors</a> such as <a href="https://finbold.com/guide/who-is-robert-kiyosaki/" rel="noopener noreferrer nofollow">Robert Kiyosaki</a>, the author of the best-selling <a href="https://finbold.com/guide/investment-books/" rel="noopener noreferrer nofollow">personal finance book</a> ‘Rich Dad Poor Dad,’ have already warned about the decline of fiat currencies, and Kiyosaki is a strong believer that the USD’s global domination as the world’s reserve currency is ending, likening it to “<a href="https://finbold.com/rich-dad-r-kiyosaki-projects-the-downfall-of-us-dollar-labels-it-toilet-paper/" rel="noopener noreferrer nofollow">toilet paper</a>.”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 cap adds $50 billion in a day amid fiat bloodshed; Can it reach $2 trillion?

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