- Cryptocurrency prices soaring, the entire market’s value over $2 trillion for the first time.
- The Bitcoin price is hovering around $60,000 per Bitcoin.
- The rally is driven by Ethereum and Binance coin has surged over the last year.
- This happens due to a burst of interest in so-called decentralized finance (DeFi).
Cryptocurrency prices are soaring, this has pushed the entire market’s value to over $2 trillion for the first time.
With the bitcoin price hovering around $60,000 per bitcoin, the $2 trillion metaphorical barriers broke by sharp increases in the price of smaller cryptocurrencies. According to data from the crypto price website CoinGecko, these include Ethereum, Binance Coin, Ripple’s XRP, and Litecoin.
Moreover, the bitcoin and cryptocurrency market more than doubled in value this year, raising around $750 billion at the beginning of the year.
Bitcoin makes up more than half of the cryptocurrenc...
This article was first published on coinquora.com
