Crypto at a glance
And breathe! What a weekend that was. We were hitting landmark milestones galore, with pumps across the board.
Let’s start with Bitcoin, which set a new all-time high of more than $58,000 and hit a market cap of $1 trillion in the process.
The leading cryptocurrency’s year-to-date gain is already exceeding 100% and we’re less than two months into the year. Predictions for the end of 2021 on a postcard?
Further down the ranks, Ether hit $2,000 for the first time after what feels like years of trying.
It almost seems a shame that such a huge milestone would get buried in among all the other landmark celebrations, but the scale of this achievement shouldn’t be underestimated. Its recent gains have seen it become a top 50 asset, and with Ethereum 2.0 and institutional investors only just getting started, there could be plenty more to come.
It was also good news for BNB, which continues to look strong after last week’s rapid ascent. It soared to a new all-time high of more than $300 and remains the third largest coin by market cap.
In that battle for third spot, DOT also looked strong, setting a new all-time high of more than $40. ADA too managed to get back above a dollar for the first time in over two years, though it didn’t quite manage to set a new all-time high. Can they continue to outperform Tether this week?
To think, this time a month ago the total market cap of the entire crypto market cap hadn’t even hit a trillion dollars yet.
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In the Markets
|Name||Price||Price Change (24h)||Price Change (7 days)|
|Crypto market cap||$1,710,168,016,250|
|MVIS CryptoCompare Digital Assets 100 Large-Cap Index||-2.82|
|MVIS CryptoCompare Digital Assets 100 Small-Cap Index||+0.20|
|MVIS CryptoCompare Ethereum VWAP Close Index||-3.89|
|Prices and data as of [08:30, 22/02/2021]||Source: CryptoCompare.com, MVIS|
The Bitcoin Economy
*Definitions and insights can be found at https://bytetree.com/insights/
What Bitcoin did yesterday
We closed yesterday, February 21 2021, at a price of $57,539.94 – up from $56,099.52 the day before. That’s the highest daily and weekly close in Bitcoin’s history.
The daily high yesterday was $58,330.57 and the daily low…