The market capitalization of cryptocurrencies has jumped to more than $3 trillion, a nearly 4-fold increase since the beginning of 2021, as excitement grows about the possibilities of decentralized finance and non-fungible tokens, while cryptocurrencies continue to intrigue individuals
which was originally released to ridicule Bitcoin such as Dogecoin and Shiba Inu, in attracting attention.
According to Arab Net, founder and managing partner of Fairlead Strategies, Katie Stockton, said in a note: "Bitcoin appears to be continuing to rise above the bullish flag pattern, and is likely to confirm Ethereum took a long-term breakout to close above resistance on Friday.
As of 4:15 a.m. in New York, the total market capitalization of cryptocurrencies has reached $3 trillion, according to CoinGecko pricing. Where the seven major currencies recorded collective gains during the past week.
Cryptocurrency exchanges, such as the Digital Marathon and Riot Blockchain, which rose more than 10%, were affected, and Coinbase - the largest US cryptocurrency exchange - rose by 3.6%, a day before the announcement of third-quarter results.
