Crypto’s $800 Billion Rally Widens Beyond Record-Setting Bitcoin
- Smaller tokens have begun to outperform market leader Bitcoin
- These digital assets remain some way off their historic peaks
Cryptocurrency logos at the entrance to an exchange bureau in Istanbul.
Photographer: David Lombeida/BloombergThis article is for subscribers only.
Smaller cryptocurrencies are starting to pull ahead of record-setting Bitcoin as traders bet the tokens are next in line to test all-time peaks.
An index tracking the bottom half of the largest 100 digital assets is up about 60% over the past month, beating the 56% advance in Bitcoin. During the same period, the overall value of tokens jumped by more than $800 billion, according to data tracker CoinGecko