Digital currency markets experienced significant growth on Monday, with the total market capitalization of the more than 8,500 existing cryptocurrencies increasing by several percent. The price of bitcoin rose 1.5 percent, but a number of other currencies saw much larger gains in Monday’s trading. Market aggregators show that the global valuation of the crypto economy is steadily approaching the $2 trillion mark.
Crypto economy jumps 3% and nearly $2 trillion estimated
Crypto assets jumped north Monday, with the overall crypto economy 3% higher in morning trade (EST). Bitcoin (BTC) is up 1.9%, and BTC is up 2.3% over the past seven days. The leading crypto-currency, in terms of market valuation, BTC is currently held for over $59k per unit. Ethereum (ETH) is doing much better, as the crypto asset is up over 16% this week, with Ether trading at $217 per coin.
The exchange rate of theFinancial currency (NBB) on Monday, 5. April 2021.
Coin Finance (BNB) is up 8.39% in the past 24 hours and 35.4% on the week. The BNB digital currency traded at $374 apiece on Monday. The fifth highest market valuation is held by Polkadot (DOT), which trades at $44 per unit. Cardano (ADA) jumped up 2% today, with each ADA trading at $1.21 in the morning. ADA is down 0.21% in the past week, but up 6.26% over the past 30 days.
Ripple begins to collapse while Bitcoin takes an 11% lead
One of the biggest films on Monday was XRP, which rose 37.4% on the last day alone. XRP is doing very well with investors as it is up 68% in the past month. XRP is currently trading at $0.824 per unit.
XRP price Monday 5. April 2021.
Bitcoin cash (BCH) shone on Monday, also jumping 12% against the US dollar and 9.3% against BTC today. Bitcoin Cash is trading at $626 apiece and prices have risen +17.56% over the past week and 21.78% against the US dollar.
Bitcoin Cash (BCH) Price Monday 5. April 2021.
Today, the most significant increases are the IOV blocking of 323% and the HIT blocking of 208%. The Pay token (PAID) is down 55% today and the Elysian coin (ELY) is down 46%, making it the biggest loser in the market on Monday.
What do you think of today’s movements in the crypto currency market? Let us know what you think in the comments below.
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