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Crypto market cap soars to record $2 trillion, bitcoin at $1.1 trillion

From reuters.com

The cryptocurrency market capitalization hit an all-time peak of $2 trillion on Monday, according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors. At midday, the crypto market cap was at $2.02 trillion. The surge in crypto market cap was led by bitcoin, which hit its own milestone by holding the $1 trillion market cap for one whole week. Bitcoin was last up 1% at $58,820. Since hitting a lifetime peak of more than $61,000, but has since traded in a relatively narrow range. Analysts said as long as bitcoin stays ... (full story)

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  • Category: Fundamental Analysis