Global Cryptocurrency Market Cap Reaches $1.49 Trillion
This week, the global cryptocurrency market cap reached $1.49 trillion, marking its highest point since the collapse in May. Bitcoin, Ethereum, and Celestia all saw significant gains.
Bitcoin Nears $40,000
Bitcoin has been on a rampage since October, with seven consecutive bullish weeks. This week, Bitcoin saw a 5.41% increase and came close to reaching $40,000. The asset experienced only two days of mild declines but quickly recovered.
Ethereum Hits 17-Month High
Ethereum’s price was positively impacted by Bitcoin’s uptrend. Despite some mixed signals at the beginning of the week, Ethereum rallied and reached a 17-month high of $2,184. The asset is currently trading at $2,164, up 4.97% for the week.
Celestia Clinches New ATH in 60% Weekly Gain
Celestia also experienced a market-wide uptrend this week. With three consecutive days of bullish momentum, Celestia saw a massive 42% rally from November 30 to December 2. The asset recorded new all-time highs and is up 61% for the week.
Hot Take: Cryptocurrency Market Surges with Bitcoin Leading the Way
The cryptocurrency market has seen a significant surge this week, led by Bitcoin’s impressive performance. With Bitcoin nearing $40,000 and Ethereum hitting a 17-month high, investor optimism is high. Celestia has also emerged as a top gainer with its remarkable rally. As cryptocurrencies continue to gain mainstream acceptance and investment interest grows, it will be interesting to see if this bullish trend can be sustained.
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