CHARITIES SEE MORE CRYPTO DONATIONS. WHO IS BENEFITING?
As the biggest cryptocurrencies flirt with record high values, they’re increasingly becoming bigger sources of revenue for charities. However, the number of charities accepting the virtual currencies, known for their volatility, remains limited.
Bitcoin, the world’s largest cryptocurrency, hit nearly $69,000 for the first time in its history, roaring back after sinking below $30,000 during the summer. The value of ethereum, the second biggest cryptocurrency, also hit a record high.
Both cryptocurrencies have dropped from their record levels after helping push the overall market cap of cryptocurrencies past $3 trillion, according to CoinGecko pricing. CoinMarketCap, another popular measure, listed the market cap at $2.8 trillion.
