United States, Feb 6, 2021 /AlexaBlockchain/ – The total market Capitalization of all cryptocurrencies reached $1.2 trillion for the first time on Saturday as Ethereum surged to a record high, and several other prominent cryptos also exhibited strong surge in valuation, according to data by crypto market tracker CoinMarketCap.
Top Crypto Market Developments This Week:
-The world’s second-largest cryptocurrency Ethereum hit a fresh record high $1,605.77 at 8:15 AM (GMT-8) on February 3, 2021.
-The largest cryptocurrency Bitcoin rose as much as 4.3% to $39,499 on Saturday, taking it closer to early January’s record of almost $42,000.
-Elon Musk supports Bitcoin and Dogecoin, driving the price of cryptos to a certain extent.