Virtual asset market capitalization surges…increases by $110 billion in one day

Suehyeon Lee

Summary

The market capitalization of the virtual asset market reportedly surged by more than $110 billion in a single day.
The increase in market capitalization was reported to be related to the rise in major coin prices.
They said the rapid increase in market capitalization is interpreted by investors as a sign of high volatility in the market.

The market capitalization of virtual assets (cryptocurrencies) has reportedly increased significantly in a single day.

On the 13th (local time), Watcher Group reported that over the past 24 hours the market capitalization of the virtual asset market increased by more than $110 billion.

The sharp increase in market capitalization is analyzed to have occurred in conjunction with the rise in major coin prices.