The global crypto market has seen a resurgence in value, with the market reaching nearly $2.5 trillion as of April 2024. Despite the collapse of FTX and legal troubles facing Sam Bankman-Fried, interest in cryptocurrency remains strong. While there is less interest in using cryptocurrency for transformative technologies, there is still a lot of excitement around buying and investing in cryptocurrencies.
Ethereum, solana, and tether have all seen a surge in investment, with record amounts of money being poured into these coins. However, dogecoin, despite being Elon Musk’s favorite meme coin, is still below its peak value. The renewed interest in crypto can be attributed to several factors, including institutional investment through exchange-traded funds and regulatory changes from bodies like the SEC under Gary Gensler.
Overall, the resurgence of crypto can be summed up by people’s natural tendency to invest in things that have gone up in value until they don’t. This serves as a reminder to revisit past investments and reassess their potential value in the current market.
As of April 2024, the global crypto market is valued at nearly $2.5 trillion, approaching its previous peak of $2.7 trillion. Despite the collapse of FTX and legal troubles facing Sam Bankman-Fried, the interest in crypto remains strong.
While there is not as much interest in cryptocurrency being used for transformative technologies such as decentralized finance (DeFi) or non-fungible tokens (NFTs), there is still a lot of excitement about buying and investing in cryptocurrencies.
The renewed interest in crypto can be attributed to several factors such as institutional investment through exchange-traded funds (ETFs) and regulatory changes from bodies like the SEC under Gary Gensler.
Ultimately, the resurgence of crypto can be summed up by people’s natural tendency to invest in things that have gone up in value until they don’t.
This serves as a reminder to revisit past investments and reassess their potential value in the current market.
