Cryptocurrency markets have been doing extremely well over the last 48 hours, making a lot of prior skeptics think the bearish crypto winter may have ended. Since our last markets update three days ago, the entire cryptoconomy has gained close to $33 billion in value and trading sessions over the last 24 hours produced a whopping $81 billion in global trades.

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Last week, the community dealt with the Binance loss of over $40 million (7,000 BTC) and the whole cryptoconomy tumbled in value for a short period of time. During our last markets update, we reported on how crypto prices regained their losses and continued their bullish trajectories upwards. Today on May 11, the ecosystem is doing far better than most expected with an overall market capitalization of around $210 billion. In addition to the increased value, global trade volume has increased by over $25 billion since last Wednesday.

Markets Update: Crypto Bulls Outpace Stocks and Gold

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Source: https://news.bitcoin.com/markets-update-crypto-bulls-outpace-stocks-and-gold/