Cryptocurrency market will hit $1 trillion valuation this year, CEO of top exchange says

The entire cryptocurrency market will reach a total value of $1 trillion this year, according to Jesse Powell, founder and CEO of Kraken. The current market cap of all cryptocurrencies stands at around $417 billion, according to data from industry website CoinMarketCap. It hit an all-time high of more than $800 billion in early January, before falling dramatically as a result of a huge cryptocurrency sell-off.

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