Crypto Market Cap Rebounds, Reaches $2 Trillion

The crypto market has experienced a sudden surge in value, with Bitcoin’s price climbing near $45K to bring market capitalization back over two trillion dollars. It’s been a fantastic week for cryptocurrency. Over the past week, Bitcoin’s price has risen 14%, while Ethereum (ETH) gained 12%. The cryptocurrency market continues its recent notice by raking in more than $2 trillion. One of the most popular and successful coins has been Terra’s LUNA, which climbed nearly 70% over the last week. Related Reading | Bitcoin’s Price Up $10K As Crypto Is Predicted To Breach $100K In 5 Years Solana’s SOL has appreciated in value this week, gaining 18.5%. Other tokens such as Avalanche’s AVAX and Polkadot’s DOT are also seeing increased appreciation, with Avax rising 16% while the latter growing nearly 13%. Bitcoin is now the most valuable currency in terms of market capitalization, surpassing Russia’s rapidly deteriorating ruble. The price for one bitcoin has increased to $45,000 and reached the market capital at around 835 billion U.S., while its Moscow-based competitor only commands 625B USD today. Analyst Reviews On Crypto Market According to Marcus Sotiriou, an analyst at UK-based digital asset broker GlobalBlock, with Bitcoin’s big move, it seems that the cryptocurrency has decoupled from stock markets. The markets have been on an incredible tear this week! And it looks like they could be heading f...