Crypto m-cap hits $1 trillion again. Is the winter over?

economictimes.indiatimes.com:

crypto market to revisit the $1 trillion market capitalization on Monday, data suggested. Bitcoin (BTC) was comfortably holding around the $21,500 mark on Monday. The crypto behemoth rose about 4 per cent in the last 24 hours to scale $21,780 levels, according to the data from coingecko. The total market capitalization of Bitcoin surged to over $407 billion, with a dominance close to 41 per cent. Bitcoins worth more than $16.5 billion exchanging hands in the last 24 hours.

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Edul Patel Co-Founder and CEO, Mudrex, said that despite today's decline, Bitcoin still remains at the $21,000 level indicating no signs of any sharp move. «It is likely to trade sideways between $21,000-22,000 range, with easing of pressure,” he said. However, its largest peer, Ethereum (ETH) outperformed, rising close to 6 per cent in the last 24 hours to hit an intraday high of $1,274.67 on Monday, before paring up some gains. It has jumped over 10 per cent in the last one week. The second-largest crypto asset was commanding a market cap close to $150 billion at the time of writing this report. Volumes of Ethereum were quite higher as tokens were $12.45 billion exchanged hands in the given time. Other altcoins, including Solana, BNB, Avalanche and Tron, were also trading with strong gains. However, XRP, Cardano, XRP and Shiba Inu were trading with losses. Crypto has been trending in the greens since Bitcoin and Ethereum made sizable recoveries over the weekend. Leading cryptos made a strong recovery, according to CoinDCX Research Team. Bitcoin is holding strong as the International