The most dominant cryptocurrency on the market is authoring a dramatic comeback.
After a large dip last Thursday, when Bitcoin dropped below Ether, the native token for the Ethereum blockchain, up 8.5% to about $1,900. And unsurprisingly, given Bitcoin’s dominance, the total market capitalization for all cryptocurrencies has jumped to approximately $1.17 trillion, a more than 8% increase over the past day. Bitcoin’s price rally is out of step with the broader stock market, as the S&P 500 and the Nasdaq are slightly down in the past 24 hours.
