Bitcoin Price Jumps Over the $60K Zone, Crypto Economy’s Market Cap Climbs Above $2 Trillion
Cryptocurrency markets have gathered fresh gains this weekend, as bitcoin’s value spiked above the $60k handle touching $61,222 per unit during the early morning trading sessions on Saturday (EST). Moreover, a number of digital assets saw price jumps as well, as the entire market capitalization of all 9,190 crypto-assets in existence is over $2 trillion today.
A touch after 1 a.m. (Eastern Standard) on Saturday, the market valuation of the entire crypto-economy jumped 3% higher. Bitcoin (BTC) touched a high of $61,222 per unit coming awfully close to the all-time high (ATH) the crypto asset captured last month. Currently, BTC is trading just above the $60k handle after losing some of the gains from the hours prior. BTC is still up over 2% today and has a market cap of around $1.1 trillion.
The second-largest market held by ethereum (ETH) is up 3% on Saturday and each ETH is swapping for $2,144 per unit. While BTC’s market dominance among the 9,190 crypto-assets in existence is 55%, ether markets captured 12.1% this weekend. Three digital assets command just above 2% or more of the entire crypto economy’s valuation which includes BNB, USDT, and XRP.
BNB is up a lot on Saturday, as 24-hour stats show the token is swapping for $478 per unit and has gained more than 7% during the last 24 hours. XRP is up a whopping 20% against the U.S. dollar and is trading for $1.22 per coin.
The biggest gainer today is bit-z token (BZ), which has climbed a whopping +16,448% today and is followed by electrify asia token (ELEC) up over 200%.
Saturday’s biggest losing crypto market belongs to beetle coin (BEET), which has lost over 53% and then thrive token (THRT) is down more than 38%. At press time some market cap aggregators say the valuation of the entire crypto-economy is $2.04 trillion while others say $2.033 trillion on Saturday morning.
What do you think about this weekend’s cryptocurrency market action? Let us know what you think about this subject in the comments section below.
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Author: Jamie Redman