Crypto Market Surges Past $4 Trillion
The crypto market is on fire! 🚀 Bitcoin (BTC) surged past $122,000, and Ethereum (ETH) broke through $4,300. This pumped the total crypto market capitalization past $4 trillion for the first time ever.
Key Highlights
- *Bitcoin's Momentum*: BTC hit $122,066, up 3.02% in 24 hours, with a weekly gain of 6.72%. Trading volume's over $73 billion.
- *Ethereum's Strong Showing*: ETH climbed to $4,318.94, gaining 1.59% in a day and 22.03% in a week.
- *Market Cap*: Total crypto market cap is $4.06 trillion, up 1.94%.
- *Altcoins Mixed*: While BTC and ETH lead gains, altcoins like DOGE, Cardano (ADA), and XRP saw slight pullbacks ¹.
What's Driving the Surge?
- *Institutional Inflows*: Bitcoin's rally likely stems from strong institutional inflows and its appeal as "digital gold".
- *DeFi and Smart Contracts*: Ethereum's surge fueled by renewed confidence in DeFi and smart contract platforms.
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