Bitcoin, Ether Hit Record Highs As Crypto Market Rallies

The gains come as part of a wider rally in the cryptocurrency market, which is now worth some $3.1 trillion, according to CoinGecko, the majority of which stems from bitcoin and ether.

Collectively, the two tokens are worth around 60% of the overall crypto market—bitcoin around 42% and ether around 18%—with market capitalization of around $1.3 trillion and $568 billion, respectively. The next most-valuable token after ether, Binance Coin, has a market cap of around $109 billion, some 3.5% of overall market cap.Besides bitcoin and ether, most major tokens have made impressive gains amid the wider market rally. Excluding stablecoins—which are pegged to more stable assets like the USD—seven of the top 10 digital coins by market cap have grown by double-digit percentages over the last week.

Source: News Formal (newsformal.com)

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