Crypto market in green with capitalization tapping monthly high at $2.3 trillion

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On Thursday morning, the cryptocurrency market stayed in the green, briefly reaching a monthly high of $2.3 trillion, the most it’s been since September 7th, precisely one month ago.

Currently, the total value of the cryptocurrency market is $2.28 trillion, representing a 4.57% rise over the previous day.

Furthermore, the overall crypto market volume over the past 24 hours has increased by $144.33 billion, reflecting a 13.67% increase. Meanwhile, DeFi 24-hour volume is 12.72% of the overall crypto market volume, whereas all stable currencies’ combined volume is $113.40 billion, or 78.5%.

In fact, the cryptocurrency is roughly around $11,000 away from reaching its all-time high, and if BTC continues to make similar gains over the next seven days as it did over the previous week, it may soon be trading once again near the all-time high price of $64,863 it reached on April 14, 2021.

As BTC continues to make new strides, the total value locked (TVL) in the Bitcoin Lightning Network continues to grow. Indeed, the network has grown over 1,000% in a year hitting $165 million in locked BTC, with the total number of TVL at 2,998 BTC as of October 7, 2021. source