The total market value of cryptocurrencies rose to $2.06 trillion on Saturday as bitcoin Cardano, XRP and Dogecoin continued to climb.
Bitcoin reached as high as $48,152, the highest level since May 16.
Cardano, the third-ranked cryptocurrency after bitcoin and Ether soared 47 percent over the past seven days.
XRP gained 61 percent, Dogecoin 18 percent, and Binance Coin 14 percent over the same period, according to CoinGecko pricing.
The price increases came even after the cryptocurrency industry failed in its attempts to make changes in the crypto tax reporting rules of a US infrastructure bill.
NYDIG Global Head of Research Greg Cipolaro said they interpreted Bitcoin's resilient price action as extremely bullish and that the lawmakers' recognition of the crypto industry was ultimately a legitimizing event that should give investors comfort that this industry is here to stay.


Trump Orders Blockade of Sanctioned Oil Tankers, Raising Venezuela Tensions and Oil Prices
Japan Inflation Holds Firm in November as BOJ Nears Key Rate Hike Decision
New Zealand Business Confidence Hits 30-Year High as Economic Outlook Improves
Kevin Hassett Says Inflation Is Below Target, Backs Trump’s Call for Rate Cuts
BTC/USD Coils Ahead of CPI & BOJ: Buy Dips at $85K Targeting $100K Breakout
BOJ Poised for Historic Rate Hike as Japan Signals Shift Toward Monetary Normalization
FxWirePro- Major Crypto levels and bias summary
Gold and Silver Surge as Safe Haven Demand Rises on U.S. Economic Uncertainty
Asian Markets Rebound as Tech Rally Lifts Wall Street, Investors Brace for BOJ Rate Hike
Japan Exports to U.S. Rebound in November as Tariff Impact Eases, Boosting BOJ Rate Hike Expectations
EU Delays Mercosur Free Trade Agreement Signing Amid Ukraine War Funding Talks
ETH/USD Clings Below $3000 in BTC's Shadow: Buy Deep Dips at $2700 Targeting $4000 Breakout 



