BTC, ETH, BNB, DOT, ADA, XRP, UNI, LTC, LINK, THETA

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The total crypto market cap hit the all-important milestone of $ 2 trillion on April 5th. As cryptocurrencies increase in value, they are likely to attract further investment from institutional investors as they can no longer afford to neglect them.

Less than three months ago, the crypto market had hit $ 1 trillion in market cap for the first time. This growth rate shows that investors are extremely optimistic about the potential of the sector and that those who delay their investment decisions may have to step in at much higher levels.

Ark Invest founder and CEO Cathie Wood is known for identifying disruptive technologies, and the company is backing Bitcoin (BTC) to do just that. Yassine Elmandjra, a crypto asset analyst at Ark, said Bitcoin was “100 times better” than gold. Hence, he believes Bitcoin will increase 10 times from the current market cap of $ 1 trillion to match the market cap of $ 10 trillion.

Daily market performance in cryptocurrencies. Source: Coin360

In order for Bitcoin to continue its journey north, institutions must keep pumping money into it. Purpose Bitcoin ETF, Canada’s first licensed Bitcoin Exchange Traded Fund (ETF), launched two months ago and currently holding 16,462 BTC.

If a Bitcoin ETF gets regulatory approval in the US, it could attract huge investments and dwarf the inflows into the Purpose Bitcoin ETF.

Crypto history has expanded beyond Bitcoin. Data from business analytics firm CB Insights showed that startups focusing on crypto and blockchain technology raised $ 2.6 billion in the first quarter of 2021. This is well above the total funding of $ 2.3 billion in 2020, indicating the growing interest in the sector.

The question most investors are asking, therefore, is whether the crypto market will be able to maintain its current momentum. Let’s analyze the top 10 cryptocurrency charts to find out.