From Squid coin to memes, ‘Wild West’ of crypto… Bitcoin, Ether Hit Records…

Sharing is Caring!

From a dodgy digital currency inspired by Netflix hit “Squid Game” to highly-volatile dog-themed coins, the cryptocurrency sector has become riskier than ever as it soars in value.

The combined value of all cryptocurrencies topped $3 trillion for the first time on Monday, as more mainstream investors rush into the sector.

While bitcoin is leading the way — surging Tuesday to a record-high $68,513 as the world’s most popular virtual unit rides a wave of feverish speculative demand — investors snapping up newer cryptocurrencies are falling victim to scams.

See also  U.S. federal home loan banks lent billions to crypto banks, report finds

news.yahoo.com/squid-coin-memes-wild-west-154732160.html

Bitcoin and Ether hit all-time highs amid a broad rally in financial assets that some analysts attributed partly to the search for a hedge against inflation.

Bitcoin, the world’s largest digital token, jumped as much as 3.6% to $68,513, while Ether posted a more modest advance to about $4,840. The total value of digital tokens tracked by CoinGecko reached some $3.1 trillion.

www.msn.com/en-us/money/markets/bitcoin-ether-hit-records-amid-broad-rally-in-cryptocurrencies/ar-AAQtaeT

Trending:
See also  VIDEO: Man in Ireland Records Himself Attempting/Threatening to Run Over Immigrant

Views: 2

Leave a Comment

This site uses Akismet to reduce spam. Learn how your comment data is processed.