Global crypto market cap hikes back above $2.5 trillion
In a good sign for crypto investors, the market has continued its upwards trend over the Christmas period.
According to data from CoinGecko, the total crypto market capitalisation rose by over US$100 million between the 23rd and 24th December, just passing over US$2.5 trillion for the first time since December 9.
Data from the previous seven days shows Bitcoin rising by per cent per cent, hovering around the US$51,000 mark. Other assets have seen a much larger uptick, Solana and Cardano have risen by almost 11 to 17.5 per cent, respectively.
Down the list, there have been some significant gains from the past week, Polygon has risen by 29 per cent, Polkadot by 28 per cent, and Terra has seen gains of over 27 per cent.
Another large lift was Crypto.com Coin, at 22 per cent for the week. Christmas day marked the official name change of the former Staples Center to the Crypto.com Arena.
Highlighting the bullish expectations behind crypto in 2022, Crypto.com, along with crypto exchange FTX, has announced plans to run advertisements at the next Super Bowl, one of the most expensive advertising spots in the world. Last year, 30-second Super Bowl ad spots sold for US$5.5 million apiece.