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Cryptocurrency Market Surpasses $2 Trillion as Ether Increases in Value Published April 8, 2021 by Elana K
The cryptocurrency market surpassed $2 trillion in value on Monday, April 5 for the first time ever. It was given a boost by ether, the second-largest digital coin after bitcoin.
The cryptocurrency market surpassed $2 trillion in value on Monday, April 5 for the first time ever. It was given a boost by ether, the second-largest digital coin after bitcoin. Ether, powered by Ethereum, hit an all-time high of $2,151.25, a 180% year-on-year increase.
Some say that ether’s rise was fueled by Visa’s decision to accept cryptocurrency payments on the Ethereum blockchain. While Ethereum has hit a record-high, Bitcoin still accounts for over 50% of the crypto market capitalization, making it worth $1 trillion.