The overall cryptocurrency market capitalization hit $3.3 trillion in early trading today as Bitcoin and others like Ethereum and Solana continue to upgrade in value.

Bitcoin rose as much as 5.6% to $66,414 nearing its previous record of about $67,000. Ether also rose as much as 3% to a new high of $4,768.

The third and fourth biggest tokens, Binance Coin and Solana have also climbed more than 20% in the past seven days.

Bitcoin’s current rally is believed to have been fuelled by the U.S. trading debut of a Bitcoin-linked ETF as well as Elon Musk’s weekend Twitter poll.

Industry watchers like Ben Caselin, Head of Research and Strategy at crypto exchange, AAX believe that interest in altcoins have continued to rise due to the rising surge of the Shiba and other memecoins in recent times; and Facebook’s rebranding to Meta to reflect the company’s new strategic drive towards metaverse technology.

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