Buy crypto: Over $ 2 trillion. market value for the first time in history - The surprise of ether

In just two months, the market capitalization of this market has doubled as private and institutional investors flock to cryptocurrencies.

The rally at Ether, the second largest digital currency after bitcoin, helped the cryptocurrency market surpass 2 trillion for the first time. dollars in stock value.

just two months, the market capitalization of this market has doubled, according to the price-tracking site CoinGecko, as private and institutional investors flock to cryptocurrencies.

Bitcoin accounts for more than 50% of total capitalization. He has rallied over 100% this year.

In March, its price exceeded $ 61,000. Today it is close to $ 58,800.

However, the rise of ether has given the biggest impetus to the crypto market. Ethereum blockchain technology is more like a software platform that allows developers to "build" applications on it. And users can finally spend their ether on these applications. So-called smart contracts are the "key" to Ethereum. These are contracts that can be executed automatically using code.

These applications are essentially financial services, such as loans, which in theory can bypass banks and stock exchanges and their users can trade with cryptocurrencies.

Ethereum blockcain also features the technology behind the new trend, NFTs - a new type of digital assets.

Billionaire Mark Cuban owns ether and says it is the closest thing to real currency.

Today Ether reached a record high of $ 2,151.25 with an increase of over 180% since the beginning of 2021.