Bitcoin’s Taproot Upgrade is Finally Here. After years of discussions, debates, and testing, the highly-anticipated Taproot upgrade has finally been activated on the Bitcoin network. The implementation will bring several improvements, including enhanced privacy and efficiency. The Crypto Market Cap is Now Bigger Than Apple’s. The cryptocurrency market has been on a roll lately, and its total capitalization has surpassed that of the world’s most valuable company – Apple. The Cupertino-based giant has a market cap of around $2.4 trillion, while the entire crypto market is now worth over $3.8 trillion. The post Another Volatile and Eventful Week in the Crypto Markets appeared first on CryptoPotato.
The cryptocurrency markets experienced another volatile and eventful week, with a notable shift in sentiment as altcoins took center stage. This is largely due to the loss of momentum in bitcoin, which had reached a new all-time high of $123,000 at the beginning of the week. However, this surge was short-lived and the asset quickly retraced by $7,000. For the next ten days, bitcoin traded sideways within a range of $117,000 to $120,000, with each attempt to break out met with strong resistance. The most significant drop occurred in the past day, following reports that Galaxy Digital had sold $1.5 billion worth of BTC. This caused the price to drop below $115,000 for the first time in two weeks. While it has since recovered slightly, it is still struggling to reclaim $116,000 and is down by over 2.5% for the week. In contrast, many altcoins, such as LTC, ENA, and CRO, have seen impressive gains during the same period. Binance Coin even reached a new all-time high of over $800 before retracing slightly. Ethereum has also seen gains, likely driven by the influx of funds into Ethereum ETFs. The second-largest cryptocurrency reached $3,850 earlier this week before pulling back to around $3,700. However, some of the speculation around an “altseason” has been dampened by significant corrections in assets like XRP, XLM, HBAR, PEPE, and AAVE, all of which have seen double-digit drops since last Friday. In other news, BlackRock’s Ethereum ETF has become the third-fastest fund to reach $10 billion in assets under management within its first year. XRP also saw a sudden drop in price, which some have attributed to a large sell-off by one of the company’s co-founders. The highly-anticipated Taproot upgrade has finally been activated on the Bitcoin network, bringing several improvements such as enhanced privacy and efficiency. Additionally, the total market capitalization of the cryptocurrency market has surpassed that of Apple, making it the most valuable company in the world.
Source:Read More