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Cryptocurrency market value surges to all-time high of $2 trillion

By mid-afternoon, the crypto market cap was at $2.02 trillion. The surge was led by bitcoin, which hit its own milestone by holding at a $1 trillion market cap for one week. Bitcoin was last up 1.4 per cent at $59,045. Since hitting a lifetime peak of more than $61,000 in mid-March, bitcoin has traded in a relatively narrow range. Analysts said as long as bitcoin stays above $53,000, it will be able to maintain its $1 trillion market cap. Ethereum, the second largest cryptocurrency in terms of market cap, was up 1.3 per cent at $2,103. Its market cap was $244 billion on Monday. It hit a record high of $2,144.99 last Friday. “Momentum and interest have begun to expand beyond bitcoin and ethereum,” said Paolo Ardoino, chief technology officer at crypto exchange Bitfinex.

05Apr2021 Market Close: Oil Prices Plummet As COVID Cases Soar, WTI Settles At 58 75, DOW Closes At New High Up 374, Nasdaq +1 7%, Bitcoin Stable 59000

05Apr2021 Market Close: Oil Prices Plummet As COVID Cases Soar, WTI Settles At 58 75, DOW Closes At New High Up 374, Nasdaq +1 7%, Bitcoin Stable 59000
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