Connect with us

Crypto Market Crosses $80 Billion As Ether, Bitcoin Prices Gain

Cryptocurrency

Crypto Market Crosses $80 Billion As Ether, Bitcoin Prices Gain


The cryptocurrency market continued to rebound on Tuesday, crossing the $80 billion-mark after a weekend that saw steep declines across the asset class.

Overall, the market reached a high of $84.9 billion today, up nearly 40% from a low of $61 billion this weekend.

At press time, all of the top 30 cryptocurrencies had posted 24-hour gains, according to data provider Coinmarketcap.

Leading the recovery were the ecosystem’s three largest assets by market capitalization – bitcoin, ether and XRP, all of which were up more than 10% on the day’s trading.

After dropping to below $2,000 this weekend, the price of bitcoin is now trading above $2,300, while ether notably crossed $200 for the first time since July 14.

At press time, the total value of the market was down just over 25% from an all-time high of $115 billion set in mid-June.

Arcade claw image via Shutterstock

The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].



Source link

Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

More in Cryptocurrency

Donate BTC To Us!

Everything provided on this site is for free. If you would like to donate, you can send BTC to my wallet. Any amount is appreciated!


1JzndnR3UykosSYb7N7UEpapQNQF5i7CXP






To Top

Notice: ob_end_flush(): failed to send buffer of zlib output compression (0) in /home/thewaitress/public_html/wp-includes/functions.php on line 3721