Why is the Crypto Market Up Today?
The total market capitalization of the cryptocurrency space has grown from around $3.42 trillion to $3.45 trillion over the last 24-hour period, a mild rise that appears to be the continuation of a rise that started at the beginning of the year.
Year-to-date, the cryptocurrency market has added over $200 billion to its market capitalization, with the price of bitcoin having recovered from a $92,000 low on Dec. 30 to now stand at $99,500.
Ethereum’s ether, the second-largest digital asset by market capitalization, saw a similar recovery from around $3,100 to over $3,600 at the time of writing. It’s worth noting that crypto economist Ben Lilly has
