Crypto Economy Nears $2 Trillion, XRP Gains 37%, BTC Dominance Drops to 56%
Digital currency markets have seen some significant gains on Monday as the entire market capitalization of all 8,500+ cryptocurrencies in existence has jumped a few percentages. Bitcoin’s price has spiked a touch over 1.5%, but a number of other coins have seen much larger gains during Monday’s trading sessions. Market aggregators show the crypto economy’s overall valuation is steadily approaching the $2 trillion handle.
Crypto-Economy Jumps 3% and Nears $2 Trillion in Valuation
Crypto assets have seen their values jump northbound on Monday as the entire crypto-economy has spiked 3% during the morning trading sessions (EST). Bitcoin (BTC) has risen by 1.9% and during the last seven days, BTC has gained 2.3%. The leading cryptocurrency, in terms of market valuation, BTC is currently exchanging hands for over $59k per unit. Ethereum (ETH) has done much better as the crypto asset has jumped over 16% this week and ether is swapping for $2,117 per coin.
Binance coin (BNB) has seen a massive 8.39% gain during the last 24 hours and is up a whopping 35.4% this week. The digital currency BNB is trading for $374 per unit on Monday. The fifth-largest market valuation is held by Polkadot (DOT) which is swapping for $44 per unit. Cardano (ADA) has jumped 2% today and each ADA is trading for $1.21 during the morning trading sessions. ADA is down 0.21% during the last week but is still up 6.26% over the last 30 days.
Ripple Starts to Rip, While Bitcoin Cash Gathers an 11% Lead
One of the biggest movers on Monday is XRP which has spiked 37.4% during the last day alone. XRP has been doing extremely well for investors as XRP has gained 68% during the last month. XRP is currently exchanging hands for $0.824 per unit.
Bitcoin cash (BCH) has shined on Monday as well jumping 12% against the U.S. dollar today and 9.3% against BTC. Bitcoin cash is trading for $626 per unit and prices are up +17.56% during the last week and 21.78% against the USD.
Today’s biggest gainers are the IOV blockchain token (IOV) up 323% and hitchain (HIT) up 208%. Paid (PAID) token is down 55% today and the coin elysian (ELY) is down 46% making up Monday’s biggest market losers.
What do you think about today’s crypto market movements? Let us know what you think about this subject in the comments section below.
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Author: Jamie Redman