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Cryptocurrencies

“Cryptocurrency market value tops $2 trillion for the first time as ethereum hits record high”

“The value of the cryptocurrency market topped $2 trillion for the first time on Monday driven by a rally in ether, the second-largest digital coin… Bitcoin, the biggest digital currency, accounts for over 50% of the entire cryptocurrency market capitalization. Bitcoin has rallied over 100% this year alone, and that has helped drive the cryptocurrency market higher.

Last month, bitcoin hit a record high of above $61,000. The digital coin was trading at about $58,800 on Tuesday, according to Coindesk data… Ether hit an all-time high of $2,151.25 on Tuesday morning Singapore time, according to CoinDesk. It is up over 180% year-to-date. The digital currency is also seeing interest among companies. Chinese app maker Meitu bought $22.1 million worth of ether last month, making it one of the first major companies to do so…”

https://www.cnbc.com/2021/04/06/cryptocurrency-market-cap-tops-2-trillion-for-the-first-time.html

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