LIVEHypocrisy is everywhere with crypto and the banks. #HotTrends #HalvingWithBinance
Capital flows from institutional investors are driving up the price of tokens such as bitcoin
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In case you hadn’t heard (or choose to ignore such things), bitcoin is back. The original — and still biggest — cryptocurrency surged to a record high of more than $72,000 on Monday, having more than tripled in value in the space of a year. Other crypto tokens, such as ethereum and dogecoin — beloved by Elon Musk — have also been rallying, with the estimated value of the market climbing to above $2.7tn for the first time in more than two years.
The funny thing is, though, that there’s a chance you have actually not heard. There’s not so much talk about which token is next going “to da moon” or so many instances of “Wen Lambo?” this time around. Newspapers aren’t running stories about how hilariously rich everyone is getting apart from you. Worldwide search traffic for “bitcoin” and “crypto” has climbed in recent days but it is still only about half the level it was the last time a record was hit in 2021, according to Google Trends.