The global cryptocurrency market took a massive upswing overnight from its lower position from just a few days ago. The market was able to swing up and finally reach the much-anticipated cap of $2 trillion. The crypto market was able to increase by 4.3% in a single day, which made for the astounding total amount. On the other hand, the total volume of the crypto market reached $108 billion. Over the previous day, the current volume is an increase of 4.6%.

The stable coins make up the bulk of the aforementioned volume; they make up 77.5% of the volume to be precise. More specifically, they made up approximately $83.80 billion of the overall volume of the entire market.

Bitcoin continues to dominate the market with its lion’s share of 44.62%. During the past few days, the price of Bitcoin has been fluctuating significantly after its price reached an all-time high of $57,000. From there it dropped but still managed to remain over $50,000 for some time. However, after the new crypto tax bill passed, the price dropped down to $45,000. But now it has managed to raise a little to $47,000.

Ethereum and Dogecoin have also been doing quite well after the small dip that the market took recently. Despite the bill causing a slight dip in the market, most tokens are doing quite strong. Ethereum managed to rise by 4.23% over the past 24 hours, putting its price at $3,300 per token. Conversely, Dogecoin grew by 6.46% that raised the price to $0.29.

Binance and ripple also managed to benefit considerably with this new wave. Binance rose by 2.94% over the last 24 hours, which puts its price at $410. Ripple saw a massive increase of 13.81% to its volume, making its price $1.16.

All of these price updates come after the biggest heist in crypto history managed to rock the market. The Poly Network cryptocurrency platform was subjected to the biggest theft of tokens ever, with the hackers managing to steal over $610 million. Fortunately, the breach was by an ethical hacker called White Hat who checks for vulnerabilities in major exchanges and tokens.

It did not take a lot to convince him to return the money, as White Hat already returned almost half of the money the very same day. So far he has delivered all of their money back, with the exception of some odd $33 million. These are $33 million worth of Tether Tokens that the company froze after the hack. Once the amount unfreezes, they will be able to transfer the remaining payment.