{"id":462877,"date":"2021-05-03T15:00:59","date_gmt":"2021-05-03T15:00:59","guid":{"rendered":"https:\/\/wncen.com\/?p=462877"},"modified":"2024-06-11T09:07:39","modified_gmt":"2024-06-11T09:07:39","slug":"lucky-number-7-bitcoin-ethereum-break-total-crypto-monthly-record","status":"publish","type":"post","link":"https:\/\/wncen.com\/news\/ethereum\/lucky-number-7-bitcoin-ethereum-break-total-crypto-monthly-record\/","title":{"rendered":"Lucky Number 7: Bitcoin, Ethereum Break Total Crypto Monthly Record"},"content":{"rendered":"
Bitcoin is back well above $50,000 and Ethereum is now over $3,000 per token<\/a>. The two top crypto titans have been in full bull mode for the better part of a year now, and it has helped propel the entire crypto market cap to unprecedented heights.<\/p>\n Now at well over $2 trillion and counting, this most recent monthly close in the total crypto market cap marked a historic seven consecutive green monthly candles in a row. Here’s a closer look at what the long string of success could mean for the market in the days ahead.<\/p>\n Sentiment changes quickly in speculative assets like crypto. It was only around two years ago that executives were calling Ethereum a double-digit “shitcoin,”<\/a> and major media outlets pronounced Bitcoin dead yet again (and again).<\/p>\n Today, the story is very different. Nearly every powerhouse in finance<\/a> is now taking a “if you can’t beat ’em, join ’em” stance with crypto and are offering exposure to Bitcoin, Ethereum, Litecoin, and others in some way.<\/p>\n Related Reading | Bitcoin Dominance Dives To Lowest In Years, Altcoin Season Is Finally Here<\/a><\/strong><\/em><\/p>\n Few assets aside from Dogecoin<\/a> and the rare moonshot have done as well as top assets Bitcoin and Ethereum, which have soaked up most of the limelight this cycle.<\/p>\n Their sheer size alone<\/a> is what has pushed the total crypto market cap to more than $2 trillion and climbing. And they’ve now helped the total crypto market close a record-breaking seven monthly candles in a row \u2013 the most ever.<\/p>\n <\/p>\n Layered behind the price action of the total crypto market cap the impact of both Bitcoin and Ethereum can be seen. The two combined with other altcoins like Cardano, Dogecoin<\/a>, and more have made the new record of seven green monthly candles in a row possible.<\/p>\n Bitcoin’s enormous $1 trillion market cap alone has been the biggest contributor overall<\/a>, while Ethereum clearly has some catching up to do even with a long history of over-performance compared to BTC.<\/p>\n Related Reading | \u201cExponential Decay\u201d Of The Dollar To Benefit Crypto Long-Term<\/a><\/strong><\/em><\/p>\n All eyes have been on Ethereum as of late to take center stage and kick off an unprecedented “alt season<\/a>.” The ratio between BTC and ETH is nowhere near former highs from the last bull market, even though both have since surpassed USD highs<\/a> from back then.<\/p>\nCrypto Reaches Mass Acceptance, More Than $2 Trillion Market Cap<\/h2>\n
A new record is set for longest string of green monthly candles | Source: CRYPTOCAP-TOTAL on TradingView.com<\/a><\/pre>\n
Massive Bitcoin And Ethereum Rallies Help To Break Historic Monthly Record<\/h2>\n