In a new report from CoinGecko, the global cryptocurrency market is worth around $3 trillion. This report comes on the heels of major coins rallying to new highs and increased interest from young investors. Ether hit a record high on Monday by jumping past $4,700 per token. Bitcoin, for its part, is closing in one record highs by the day. Currently, the currency is close to a new record as it could surpass $68,000 per token. Other tokens are improving at levels many investors never thought were possible. Solana has risen around 12,000% this year, making it the 4th-largest cryptocurrency on the market, trading at around $260 per token. Moreover, investor interest has piqued in a way that was unforeseeable. The Netflix ($NFLX@US) hit series Squid Game was able to release a cryptocurrency. While the currency failed in a short period of time, its price rose to just under $2900 per token very quickly. Quentin Tarantino is turning uncut scenes into NFTs, capturing yet another segment of the crypto market. The incoming mayor of New York, Eric Adams wants to take his paychecks in Bitcoin. Noting the massive growth of the industry, Congress added language to the recent infrastructure bill that will improve tax collection on crypto investments. Finally, according to CoinDesk, the NFT.NYC conference in Manhattan last week had a waitlist of 3,000, featured 600 speakers, and even hosted a concert by The Strokes.
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