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ether hit an all-time high, NFT.NYC, infrastructure bill

ether hit an all-time high, NFT.NYC, infrastructure bill
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The cryptocurrency market is now worth over $3 trillion, according to CoinGecko. This comes as digital currencies, including ether and bitcoin, rose on Monday.

Ether, the second largest cryptocurrency by market capitalization Bitcoin, reached a new all-time high above $4,700 on Monday. It is currently trading at around $4,785, according to Coin Metrics data.

Besides, Bitcoin is approaching a record high above $66,900 and is currently trading at around $66,006.

Others, like Solana, also wear green. This year, Solana’s token, SOL, is up nearly 12,000%, according to CoinGecko. Now the fourth largest cryptocurrency by market capitalization, SOL reached an all-time high of $259.96 on Saturday. It is now trading at around $249.

Here are five major things that happened in crypto last week.

1. Over 5,000 people attend the NFT.NYC . Conference

2. Squid Game inspired cryptocurrency crash

Read more about cryptocurrencies from CNBC Pro

CoinMarketCap issued a warning that it had received “multiple reports” that users were unable to sell the token on Pancakeswap, a popular decentralized exchange, and the white paper and token website have since disappeared.

It appears that the creators of the token have raised at least $3.4 million in investor funds. The incident appears to be called “rug pulling”, in which the founders of the project abandon the project and take the investors’ money with them.

3. Quentin Tarantino Presents Seven Uncut Scenes From ‘Pulp Fiction’ As NFTs

4. New York’s next mayor, Eric Adams, pledges to receive his first three Bitcoin salaries

New York City Mayor-elect Eric Adams plans to take his first three salaries bitcoin said in a tweet Thursday.

“New York City will be the epicenter of the cryptocurrency industry,” Adams wrote.

On Wednesday, Adams also said in an interview with Bloomberg Radio that he wanted to bet on a “friendly competition” with Miami Mayor Francis Suarez, who is a big supporter of Bitcoin.

“He has MiamiCoin that is doing very well — we’ll look at the direction to implement that,” Adams told Bloomberg Radio, hinting that he was looking into creating a New York City currency similar to Miami.

5. Congress passes the $1.2 trillion infrastructure bill

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