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For the First Time Since May, the Cryptocurrency Market Exceeds $2 Trillion.

According to CoinMarketCap statistics, the crypto market cap exceeded $2 trillion for the first time since mid-May, with bitcoin leading the surge.

- Bitcoin reached $48,048 early Monday, its highest amount since May 17, according to CoinDesk statistics.

- Ether and cardano, the world's two biggest cryptocurrencies, have risen 11 percent and 53 percent in the past seven days, respectively.

- According to CoinMarketCap statistics, the crypto market cap fell as low as $1.19 trillion on July 20, implying that the industry has almost quadrupled in value in less than a month.

- Following a high of over $2.5 trillion on May 12, crypto retreated and saw a few of months of downward pressure as China's mining crackdown took effect.

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