The crypto market has retaken the $1 trillion territory, as its top performers – Bitcoin and Ethereum – brought in some impressive numbers on Thursday.
Bitcoin managed to finally surpass and steadily hold the $20K marker while Ethereum is showing its best performance yet after crashing following The Merge.
At press time, according to tracking from Coingecko, BTC is trading at $20,501 while the king of all altcoins is changing hands at $1,538. Both assets are sitting on impressive gains over the last seven days, 7.1% and 19.8%, respectively.
Bitcoin and Ethereum also managed to significantly increase their market capitalization, helping the digital currency sector to pump its overall value to $1.034 trillion.
U.S. Treasury Behind The Bullish Run?
With this sudden positive trend, participating entities like investors, traders and digital currency holders are wondering what’s powering this surge.
Read more…
