Crypto Market Cap Pushes Past $2T as Major Cryptos Surge

Bitcoin’s rally to nearly $45K has propelled the increase.

AccessTimeIconMar 2, 2022 at 8:32 a.m. UTC
Updated Mar 2, 2022 at 8:10 p.m. UTC

A broad run in the digital asset market, led by bitcoin nearing $45,000, has pushed the total market cap for crypto past $2 trillion, according to CoinGecko data.

  • In the last week, bitcoin has jumped nearly 14%, and ether has risen 12%.
  • Analysts who spoke with CoinDesk previously said that capital controls in Russia are one reason for the rapid appreciation.
  • "Capital controls without demand don't make an impact on price. Capital controls mean price will deviate to one side or the other depending or where the demand is," trader and analyst Alex Kruger told CoinDesk in a prior interview.
  • Terra’s LUNA token had a stratospheric rise, climbing nearly 70% during the last week, and is now trading at about $94.
  • Solana's SOL and other layer 1 tokens like Avalanche's AVAX and Polkadot's DOT have also risen. SOL has gained 18.5% this week, while AVAX was up about 16% and DOT nearly 13%.
  • With the recent gains, bitcoin now has a higher market cap than the rapidly declining Russian ruble.
  • Bitcoin has a market cap of about $835 billion, while the ruble has a market cap of around $626 billion.


Please note that our privacy policy, terms of use, cookies, and do not sell my personal information has been updated.

The leader in news and information on cryptocurrency, digital assets and the future of money, CoinDesk is a media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. CoinDesk is an independent operating subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups. As part of their compensation, certain CoinDesk employees, including editorial employees, may receive exposure to DCG equity in the form of stock appreciation rights, which vest over a multi-year period. CoinDesk journalists are not allowed to purchase stock outright in DCG.


CoinDesk - Unknown
La caída de las criptomonedas podría continuar debido a la complejidad del sistema, dice Deutsche Bank

Como bitcoin y otros activos son de alto riesgo y especulativos, se ven afectados de manera desproporcionada por los ajustes de la Fed, según un informe.

CoinDesk - Unknown
CoinDesk - Unknown
CoinDesk Industry Group Select Equal Weight Index (DIGS)
CoinDesk - Unknown
CoinDesk - Unknown
Digital Pseudonyms: One More Way to Make Working From Home Secure

A system of pseudonymous digital credentials would benefit organizations and ensure individuals control their personal data.

CoinDesk - Unknown