Crypto m-cap tops $1 trillion; Bitcoin breaches $22,000-mark after a month

Monday saw a bull run in the cryptocurrency market. The market cap touched $1 trillion after a month of muted performance. As of 3:30 PM, the crypto market cap was at $1.02 trillion, up 4.73 per cent from the previous close, according to coinmarketcap.

The largest cryptocurrency by market cap, Bitcoin regained $22,000 levels and was trading at $22,241.17, over 4 per cent higher than the last close. It had fallen below the $ 22,000 mark on June 15, 2022 and has crossed it for the first time.

Ethereum, the second largest coin, rose over 9 per cent and was trading at $1,482.69. It had also crossed the $ 1,400 mark for the first time since June 13, 2022. Tether was trading at $0.99 on Monday.