NEW YORK: The cryptocurrency market capitalisation hit an all-time peak of US$2 trillion on Monday , according to data and market trackers CoinGecko and Blockfolio, as gains over the last several months attracted demand from both institutional and retail investors.The surge in crypto market cap was led by bitcoin, which hit its own milestone by holding the US$1 trillion market cap for one whole week. Bitcoin was last up 1.4 per cent at US$59,045.
Ethereum, the second largest cryptocurrency in terms of market cap, was up 1.3 per cent at US$2,103. Its market cap was US$244 billion on Monday, while hitting a record high of US$2,144.99 last Friday. Blockchain data provider Glassnode, in a research report, said the fact that bitcoin has held the US$1 trillion market cap for one week is a"strong vote of confidence for bitcoin and the cryptocurrency asset class as a whole."
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