WILL CRYPTO CRAZE SUBSIDE ANYTIME SOON ?

The cryptocurrency fever has been taking hold of both institutional and retail clients over the recent months, stimulating demand for crypto assets like bitcoin. The beloved cryptocurrency, bitcoin, recently reached a new milestone on monday by holding at a usd 1 trillion market cap for one week. The digital currency was last up 2.85% to usd 58,880.37 at the time of writing. Tracked by coingecko, bitcoin’s market cap hits a new record after its price more than doubled this year to over usd 58k. The gains in bitcoin came after the world’s largest institutional holder of the cryptocurrency, grayscale bitcoin trust, said it intends to convert the trust to an etf.

 


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