CRYPTONAIRE
WEEKLY CRYPTO investment journal
Global Market Cap Passes $1.2 Trillion As Doge Breaks Back into Top 10
Global crypto markets continue record breaking run. Surges in Bitcoin and Ethereum prices underpinned the market surge. Futures markets are also up after Joe Biden’s stimulus package is approved. The weekend saw crypto’s global market cap continue to surge to new highs as a raft of new investors, and investment tools gear up to start offering more ways of dabbling in digital money. In just three days, markets added $500 million to their coffers to a total market cap of $1.23 trillion, according to data company Nomics. The overwhelming majority of that growth came from Bitcoin, which flirted with $40,000 before pulling back to the $38,000s. At the time of writing Bitcoin is down 2% over the last 24 hours, but is still within touching distance of January 8’s all time high of $40,771. Side note: different exchanges will have recorded different prices, and therefore different reporters report different numbers but the overall trend is: Bitcoin go up. Ethereum meanwhile continued its price rally north of $1,500 over the weekend. The currency has spent six days above that mark despite a flash crash that sank the price by 10% over the weekend. Read more...
Cryptonaire Weekly | February 9th 2021
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