Bitcoin (BTC) and Ethereum (ETH) led the way in propelling the cryptocurrency market cap to a substantial $2.64 trillion, marking an 11.3% increase in the past week. Worldcoin (WLD) also made a significant contribution to this commendable growth.
BTC Records New All-Time High
The overall uptrend in the crypto market saw Bitcoin reaching new heights. Bitcoin’s price surged by over 8.5% on March 4, hitting a peak of $68,529. The asset then broke through its previous all-time high on March 5, reaching $69,098. Despite a retracement below $60,000, Bitcoin recovered and surpassed $70,000, currently trading at $69,461.
Bitcoin’s market cap increased by $130 billion this week, with bullish projections hinting at a potential rise to $200,000.
Ethereum Breaches $4,000
As discussions around spot ETH ETFs gained traction, Ethereum saw significant gains, closing above $3,800 on March 6. Ethereum briefly surpassed the $4,000 mark on March 8 before facing a slight correction. ETH is currently trading at $3,956.
Worldcoin Hits New All-Time High Above $11
Despite regulatory setbacks, Worldcoin’s token, WLD, surged by over 24% this week, reaching new all-time highs above $11. After facing initial price declines, WLD recovered and closed with a 55% gain on March 9. WLD is currently trading at $9.78, showing a 33% increase this month.
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