Cryptocurrency market cracks $300 billion as bitcoin and ethereum flirt with big milestones

MI

• The market for digital currencies cracked $300 billion for the first time Sunday night.
• At the same time, bitcoin and ethereum, the two largest cryptocurrencies, were flirting with their own big milestones.

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NEW YORK - The market for digital coins cracked $300 billion late Sunday night for the first time ever as two of the largest cryptocurrencies eyed significant milestones.

According to data from CoinMarketCap, the market capitalization of the entire crypto-market stood at $303 billion at 12:30 a.m. ET. At the same time, the two largest digital currencies on the market were flirting with big milestones of their own.

Bitcoin, the largest cryptocurrency with a market cap above $150 billion, was gunning for $10,000 Sunday evening. It was trading at $9,592 at 12:30 a.m. ET Monday, below its all-time high of $9,694 set Sunday evening, according to data from Markets Insider.

Ethereum was trading at $479 per token, at 12:30 a.m. ET Monday, shy of the much-anticipated $500 mark. It reached an all-time high of $485 Sunday evening.

As for the bitcoin spin-outs, bitcoin cash was trading just below $1,650 at 12:30 a.m. ET. And bitcoin gold was trading up more than 2.5% near $380 per coin, according to CoinMarketCap.

Big milestones for the cryptocurrency market appear to be occurring at a faster rate. It took from June to November for the market to go from $100 billion to $200 billion. It took less than a month for the market to balloon from $200 billion to $300 billion.

MI




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