Resurgence of Cryptocurrencies. Bitcoin/Ethereum on the rise. [2 Min Read]
With a massive selloff experienced by the crypto market as well as equity market this year, the start of the year was surely not as banging as it was expected. All the cryptocurrencies, including the major and the minor one crashing down. The market cap of cryptocurrencies dropped from 2.8 trillion dollars to 1.7 trillion dollars today.
The value of Bitcoin and Ethereum has rose up the most with a staggering 11.04% and 16.34% in the past week. It is currently trading at $37,989 and also at $2,635. Bitcoin is currently dominating the market with a market cap of $716 billion dollars which accounts for 41.6% of the overall crypto market share. While Ethereum has a market cap of $313 billion and dominating the market with 18.1% of overall dominance.