Back in December 2017, when BTC hit $20,000 for the first time, altcoins such as Bitcoin Cash, XRP and Litecoin were firm favorites in the top five. Tether and Binance Coin were nowhere to be seen among the 20 biggest coins. Some, like Polkadot, didn’t even exist. Fast forward to 2021, and the rundown of the 10 biggest cryptocurrencies by market cap looks very different indeed.
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Markets Report: Bitcoin recovers from $45,000 lows as Tether legal debacle ends
An amicable agreement between lawmakers, Tether and Bitfinex pleases markets, with Bitcoin heading toward $50,000
News that Tether and Bitfinex had reached a settlement with the New York Attorney General in a legal battle which had begun in 2019, ending crypto’s “most significant existential threat,” served to change market sentiment in an instant.
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Bitcoin trust manager Grayscale reaches $40B in assets
The cryptocurrency fund manager saw rapid growth in the value of the assets it holds as institutional demand for shares erupted
The firm said it now oversees $40 billion worth of assets. The vast majority of that is in the $33.1 billion Grayscale Bitcoin Trust and $5.7 billion Grayscale Ethereum Trust. The remaining $1.2 billion is in six alt-coin trusts and the multi-asset Grayscale Digital Large cap Fund.
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Bitcoin appears to be stabilizing above $50,000 as Ether pushes $2,000 barrier (Photo: CoinMarketCap)Markets Report: New all-time highs keep coming for Bitcoin, Ether
The past 24 hours brings records for the two largest cryptocurrencies, with charts providing little bearishness to spoil the mood
Ether hit new all-time highs of $1,929 on February 18 as a brief lull in Bitcoin price action allowed for further upside. The latest push higher brings Ether closer than ever to the significant psychological barrier at $2,000, something which if broken could immediately spur a surge to $2,200.
