Crypto Market Cap Hits $2.6 Trillion as Bitcoin Eyes $75K Amid Hormuz Standoff
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Crypto Market Cap Hits $2.6 Trillion as Bitcoin Eyes $75K Amid Hormuz Standoff
"The crypto economy's market capitalization topped $2.6 trillion early Tuesday, April 14, as both bitcoin and altcoins shrugged off geopolitical tensions to post significant gains. Bitcoin drove the rally, extending momentum from Monday."
"Ethereum (ETH) led altcoins, jumping from $2,183 to a peak of $2,381, its highest since Feb. 1. The nearly 9% gain in 24 hours lifted its market cap to $287 billion."
"RAVE, which surged 240% Monday, continued its rally, hitting a record $14.18 before retreating to $12.31. Even after the pullback, RAVE was up 31% in 24 hours, pushing its weekly gains to 4,500%."
On April 14, the crypto market capitalization surpassed $2.6 trillion, primarily fueled by bitcoin's increase to $74,959. This surge resulted in $540 million in liquidations for short sellers. Ethereum and RAVE also experienced significant gains, with Ethereum rising to $2,381 and RAVE achieving a record of $14.18. Despite geopolitical tensions, the market showed resilience, with most altcoins posting gains between 2% and 5%. Bitcoin's momentum has been strong since April 7, contributing to the overall market growth.
Read at news.bitcoin.com
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