Cryptocurrencies
Crypto’s $1 Trillion Rally Has Yet to Reprise Pandemic-Era Mania
- Bitcoin hit records but many other tokens are below highs
- eToro says some retail investors may be on the sidelines
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Controversial crypto mogul Justin Sun beamed as he ate a $6.2 million banana in Hong Kong, a spectacle that ratcheted up the spotlight on digital assets as the industry tries to keep an historic market rally on track.
The banana comes from a viral conceptual artwork, Comedian, comprised of the fruit duct-taped to a wall, which Sun bought in a Sotheby’s auction last week. For Sun, the conspicuous consumption becomes a part of art history, and, as the sculpture’s owner, he has the right to manifest the piece with a new banana.