Crypto wrap: Bitcoin continues to stay over $30,000, Ethereum above $1,800

The cryptocurrency market has continued to stay resilient in the last seven days. Bitcoin has stayed above $30,000 and Ethereum above $1,800. According to data from CoinMarketCap, the overall crypto market cap was $1.2 trillion on Friday up from $1.1 trillion last week.

Interestingly, Bitcoin’s market dominance is the highest in the last two years.

“Bitcoin’s market cap dominance has soared above 58 per cent, its highest level since 2021. This means that Bitcoin now accounts for more than half of the total market capitalisation of all crypto markets,” the research team of crypto exchange CoinDCX told Business Standard.