Crypto market reaches new highs

April 07, 2021

The latest rally pushed the market cap over $2 trillion

April started as a month of records for cryptocurrencies. Data from Blockfolio and CoinGecko revealed that the cryptocurrency market capitalization reached $ trillion, as the interest in digital coins increased in the past months.

After the latest surge, Bitcoin accounts for more than 50% of the market's total cap, as it hit $1.1 trillion. Also, Ethereum hit $2,144.99 on Friday, a new record for it. Its market cap reached $244 billion.

Cryptos have started gaining ground after companies like Tesla and BNY Mellon announced that they have started accepting them as a payment method. Moreover, investment banks such as Goldman Sachs and Morgan Stanley are considering facilitating such investments to their clients.

Sources: cnbc.com, investing.com

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