The cryptocurrency market is now worth over $3 trillion, according to CoinGecko. This comes as the top digital coins, including ether and bitcoin, rally on Monday.
Ether, the second-largest cryptocurrency by market value under bitcoin, hit a new all-time high above $4,700 on Monday. It is currently trading at around $4,785, according to Coin Metrics data.
Along with it, bitcoin is inching closer to its record high of above $66,900 and is currently trading at around $66,006.
Others, like Solana, are also in the green. This year, Solana’s token, SOL, is up nearly 12,000%, according to CoinGecko. Now the fourth-largest cryptocurrency by market value, SOL hit an all-time high of nearly $259.96 on Saturday. It’s now trading at around $249.
Here are five more key things that happened in crypto this past week.
1. Over 5,000 people attend NFT.NYC conference
To celebrate their love for NFTs, or nonfungible tokens, over 5,000 people attended the NFT.NYC conference in Manhattan last week.
The highly anticipated event, which left 3,000 people on a waitlist, began on November 1 and ended on Thursday.
The week included 600 speakers on panels, as well as parties, dinners, raves, galleries and attractions. The people behind notable NFT collection Bored Ape Yacht Club threw an actual yacht party on the Hudson River, along with an owners-only concert by The Strokes at music venue Brooklyn Steel.
NFT enthusiasts, top crypto influencers and mainstream celebrities all attended, including director Quentin Tarantino, Reddit co-founder Alexis Ohanian, entrepreneur Gary Vaynerchuk and comedian Chris Rock, to name a few.
Throughout, attendees traded 700,000 event NFTs, according to CoinDesk.
2. ‘Squid Game’-inspired cryptocurrency crashes
A cryptocurrency inspired by Netflix’s hit TV series “Squid Game” crashed after its founders cashed out, CNBC reported on Tuesday.
The token, called SQUID, hit a high of just over $2,861 on Nov. 1 before plummeting to near zero, according to price-tracking…
