Altcoin Boom Pushes Crypto Market Beyond $2 Trillion – eToro Crypto Roundup



Cardano, Dogecoin and XRP all posted high double-digit gains as confidence returned to Sunday.

As subcourses including Cardano and Xrp tried to return to record levels, the total value of the crypto Sunday rose to over $ 2 trillion.

This bullish price move comes despite negative headlines. The Senate passed an infrastructure bill Tuesday without changing crypto tax reporting requirements, and on the same day, $ 611 million was stolen in the largest Defi hack in history (the offender has since recovered the funds). Traders did not attend, however, and several altcoins are now showing double-digit high weekly gains.

After Bitcoin and Ethereum broke 3% growth, XRP jumped nearly 60% after forming a new partnership, followed by Cardano and Ethereum Classic with almost 50% growth, and Mark Cuban jumped 33% when he tweeted about memecoin’s support for Dogecoin.

Highlights of this week

Video of the day: Gp2 drivers in Baku
US infrastructure bill comes to Senate

Video of the day: Gp2 racers in Baku
Ethereum rival Cardano topped $ 2 last week as developers planned the long-awaited update.

Cardano project leader Nigel Hemsley has announced a release date of 12 September 2021 for the planned “Alonso” update. That has disarmed critics by bringing long-awaited smart contract functionality to the network, allowing Cardano to claim his share of the Defi pie and capitalize on the NFT mania that now covers crypto Sundays.

In other parts of the participating ecosystem, rival polygon network (formerly Matic Network) jumped 30% after acquiring the ethereum Hermez network scaling solution.

US infrastructure bill comes to Senate
While the battle may be lost if U.S. senators fail to change the heavy-burden reporting rules on the infrastructure bill, the market appears to be waiting for it

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