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.
Image Credits: Shutterstock, Pixabay, Wiki Commons
Disclaimer: This article is for informational purposes only. It is not a direct offer or solicitation of an offer to buy or sell, or a recommendation or endorsement of any products, services, or companies. Bitcoin.com does not provide investment, tax, legal, or accounting advice. Neither the company nor the author is responsible, directly or indirectly, for any damage or loss caused or alleged to be caused by or in connection with the use of or reliance on any content, goods or services mentioned in this article.
Credit: Source link
