Visual representations of digital cryptocurrency Bitcoin are arranged on a circuit boardValue of the cryptocurrency market topped $1 trillion on Thursday, after Bitcoin hit a record above $37,000.
Rival token Ethereum hit its highest in two years, above $1,200, while smaller altcoins including XRP also shot up.The cryptocurrency market is now worth almost half as much as Apple, the world's most valuable company, after the price of Bitcoin soared above $37,000, bringing total market capitalization to more than $1 trillion.
Cryptocurrencies are also worth more than the entire Swiss economy - home to some of the world's largest financial institutions and biggest gold vaults. The driving forces behind the rally are a desire among investors to seek an alternative asset that is decentralized and not tied to any central bank, whose actions can debase a traditional currency's value, as has been the case of the US dollar with the Federal Reserve's zero-interest rate policy and trillions of dollars in stimulus over the last year.
I think that was $2000 ago 😳
Plse how can I become a participant