📢 Gate Square Exclusive: #WXTM Creative Contest# Is Now Live!
Celebrate CandyDrop Round 59 featuring MinoTari (WXTM) — compete for a 70,000 WXTM prize pool!
🎯 About MinoTari (WXTM)
Tari is a Rust-based blockchain protocol centered around digital assets.
It empowers creators to build new types of digital experiences and narratives.
With Tari, digitally scarce assets—like collectibles or in-game items—unlock new business opportunities for creators.
🎨 Event Period:
Aug 7, 2025, 09:00 – Aug 12, 2025, 16:00 (UTC)
📌 How to Participate:
Post original content on Gate Square related to WXTM or its
#ETH# The crypto assets market has seen a significant pump today, with a total market capitalization reaching a historic high of $4.14 trillion. This figure not only surpasses the peak from July last year but has also risen by 22% since the beginning of this year, equivalent to approximately $750 billion in new funds injected into the market. It is worth noting that this increase is approaching the scale of the entire market at the time of the 2022 Bear Market crash.
Market analyst Cyclop stated that the current market trend is difficult to predict. Although it has reached a new high, the future trend remains unclear.
In this round of pump, Ethereum has performed particularly well. Its price once hit $4,332, setting a new high since December 2021. In the past month, Ethereum has seen a rise of 46%, a rarely seen strong trend in three and a half years. Institutional investors and corporate bondholders have increased their holdings by about 3 million ETH in the past four months, worth approximately $13 billion. This has caused Ethereum's market capitalization to soar to $52.2 billion, surpassing several well-known companies.
Bitcoin has also shown strong momentum, rising 3.3% in early trading, surpassing $122,000, just $1,000 short of its all-time high. The drop at the beginning of this month has been completely erased.
However, it is worth mentioning that despite the impressive performance of the crypto assets market, its total market capitalization is still lower than the $4.45 trillion market capitalization of tech giant NVIDIA. This comparison highlights the competitive landscape between traditional tech stocks and emerging crypto assets.
As the market continues to heat up, investors and analysts are closely monitoring future trends. Whether this rise can be sustained, and the potential risks that may arise, are factors that market participants need to consider carefully. In any case, this round of rise in the crypto assets market has undoubtedly brought new vitality and attention to the financial markets in 2024.