The total market capitalization of all cryptocurrencies has surpassed the $500 billion mark for the first time since February 2018 as the price of several altcoins is moving up, while BTC’s price is still above the $18,000.
In a report discussing the performance of several investments post-vaccine news Jim Reid, Deutsche Bank’s research strategist, wrote that there’s been a “divergence between gold (-3.6%) and silver (-4.4%) on the one hand and bitcoin (+13.4%) on the other.”
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Top stories in the Crypto Roundup today:
- Crypto Market Cap Surpasses $500 Billion
- Investors Increasingly Choose Bitcoin Over Gold as Inflation Hedge: Deutsche Bank
- New Crypto Taxonomy Solution Launched