Crypto Nears $2 Trillion As Bitcoin and USD Close Quarter on a High

[Galaxy]

Bitcoin on track for best quarter in 8 years alongside a surging US dollar. Banks continue to count their losses after Archegos sell-off.
Crypto markets were enjoying another day in the green - before a sudden flash crash - while the big banks are still counting their losses.

Global market cap edged up 2.4% overnight, taking crypto to $1.92 trillion, according to data company Nomics. By most counts, that’s a new all-time high - beating out March’s previous record of $1.8 trillion. The value of all crypto assets is now equivalent to 26% of gold’s market cap as the precious metal continues to decline in value thanks to a strong US Dollar - more on that below.

Source: https://decrypt.co/63469/crypto-nears-2-trillion-as-bitcoin-and-usd-close-quarter-on-a-high