Crypto market capitalisation hits $4 trillion
After the price of Bitcoin passed $120,000 last week, the crypto market reached a new milestone. With legislation going through the US Congress opening new avenues for cryptocurrencies and trading, the market capitalization of crypto reached $4 trillion as investors prepare to pour billions of dollars into the market.
In less than three years, the market value of crypto has expanded five-fold. In December 2022, in the wake of the collapse of Sam Bankman-Fried’s crypto exchange FTX, the price of Bitcoin fell to $16,000 and the market capitalization was $800 billion.
Since then, crypto has been on a…
