In the midst of a growing institutional demand, cryptocurrencies have been the boom in the financial market on a global scale, where until now their value has doubled to exceed 2 trillion dollars.

Among the 6,600 coins tracked by CoinGecko, the popular bitcoin coin is the one that has generated the greatest impact, in addition to others that cover the market such as ethereum, binance coin, polkadot, tether and cardano, which present a combined value around the 422,000 million.

In a world where interests manage a value close to zero, institutional investors take cryptocurrencies as an alternative to increase cash yields. For this reason digital currencies have become the most valued sector.

Indeed, large North American companies have opted for crypto as a stable financial market for the future.

Tesla (NASDAQ: TSLA) recently invested $ 1 billion of its reserves in bitcoin and began accepting it as payment for cars. Morgan Stanley (NYSE: MS) is allowing some of its wealthiest clients to add the token to their portfolios, while companies from Mastercard (NYSE: MA) to PayPal (NASDAQ: PYPL) have taken steps to adopt bitcoin.

K. Villarroel

Source: investing

La entrada The crypto market already exceeds $ 2 trillion apareció primero en Bitfinance.

The Binance Coin (BNB) token is at its best moment since its launch in July 2017. Recently, the digital asset broke the barrier of 75 dollars to settle at 100 dollars.

According to experts, the trend would have to do with the purchase of 1.5 billion dollars in bitcoin by Tesla, which positively influences the rest of the cryptocurrencies.

The Binance asset, in less than 24 hours, saw its value skyrocket 35 %, reaching its highest peak of $ 113.

Later on, the token stabilized near $ 100 without going below this value. Thanks to this, the digital asset was located in the seventh position of those with the highest capitalization in the world.

The sixth place is held by Polkadot (DOT) with an even higher capitalization of about 4,000 million dollars, with BNB having 16,000 million dollars.

K. Tovar

Source: Bitcoin.es

La entrada BNB breaks the $ 100 barrier apareció primero en Bitfinance.