Bitcoin and Ethereum Soar as the Crypto Market Hits $1 Trillion (Again)

The past year has devastated many crypto investors. The crypto market peaked near $3 trillion last November, then abruptly reversed course and entered a free fall as the macroeconomic climate deteriorated. By mid-June, the market had declined 73% to $818 billion, meaning more than $2 trillion had evaporated.

However, investors just got some much needed good news. The crypto market regained its $1 trillion valuation on Monday, as Bitcoin (CRYPTO: BTC) and Ethereum (CRYPTO: ETH) have soared 17% and 44%, respectively, over the past week. Does that mean a more substantial rebound is on the horizon?

Here's what you should know.

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Source Fool.com