The crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platforms for digital assets.
The bull run of the crypto industry is shaping up again. Bitcoin price almost touched its previous all-time high this morning as it traded above the $60,000 mark. Other crypto assets like Ethereum and Binance Coin (BNB), however, were more successful than Bitcoin and were able to reach new all-time highs. Ether set a new record at $2,200 while BNB sold for a high of $484, according to data from CoinMarketCap. Not only that, but the market cap of all cryptocurrencies also crossed the $2 trillion mark, again.
After breaking the $60k mark in the previous month, Bitcoin had tried to trade above the value again on several occasions, but instead, the value of the asset kept declining until the last 24 hours when its value rose.
On the other hand, the second-largest cryptocurrency by market cap, Ethereum also saw a new high this morning. During March, the coin had also struggled to cross the $2k mark after it had crossed it previously. Ether in the last 24 hours had gained 4.5 percent to reach its new ATH.
The native token of leading crypto exchange, Binance Coin, also reached a new ATH. BNB gained over 14 percent within the last week to reach a new high of $485. Notably, the value of the asset was trading around $300 as of the beginning of the week.
Away from that, the entire crypto industry market cap is now worth as much as Apple Inc (NASDAQ: AAPL), the leading iPhone maker and the second most valuable company in the world. The industry had crossed the $1 trillion mark three months ago on January 7th. Then, Bitcoin was selling around $33,000 and Ethereum was still trading in the $1,000 region. Both assets value has however increased exponentially leading to an increase in the market cap of the industry.
In recent times, the crypto industry has enjoyed new levels of adoption from big traditional firms like Morgan Stanley, Tesla, Meitu, Goldman Sachs, and a host of others that are now opening their platform for digital assets.
Oluwapelumi is a believer in the transformative power Bitcoin and Blockchain industry holds. He is interested in sharing knowledge and ideas. When he is not writing, he is looking to meet new people and trying out new things.