Crypto market cap hits new all-time high, but instability looms
The crypto market roared to new heights this week, with the total market capitalization of digital assets hitting a new all-time high on Monday of almost $4.15 trillion, according to Coinmarketcap. That number beats the previous all-time high set in July, and although the market cap has since fallen back slightly to $3.96 trillion as of the time of writing, overall sentiment remains strong, with the market bracing itself for fresh gains in the coming days. Large-cap cryptocurrencies like Bitcoin (BTC) and Ethereum (ETH) are leading the charge with some of the most significant price increases. Bitcoin came within a hair of its all-time high of $123,091 on Monday, hitting $122,321 before tapering off. But the biggest gainer has been Ethereum, which crossed the $4,000 threshold at the weekend and surged to a high of $4,351.7, edging closer to its all-time high of $4,891.7 attained back in November 2021. Its value has soared more than 45% in the last month, with gains of...
