News From The Crypto Currencies Scene

Top Cryptocurrencies Recover Bringing Up The Market Cap

Top Cryptocurrencies Recover Bringing Up The Market Cap

The total value of all cryptocurrencies has increased by $22 billion after a surge in the prices of these digital currencies since Sunday. The market started coming to life ever since the weekend crash with total prices adding to about $12 billion on Tuesday. The prices of Bitcoin went up by 15% while, the prices of Ethereum increased by more than 20% to come back at $200 mark.

In all, a total of 14 of the top 15 coins experienced a double digit surge in the prices brings the total market cap to $82 billion mark.

Falling to as low as $1,843 on July 16 Bitcoin recovered by 15%, gaining an impressive $492 in its value since Sunday’s low, now sitting at a price of over $2300. The total market cap of Bitcoin has increased to $38.4 billion.

Ethereum has resumed its prices of where it was before a week, reaching a stable ground after the weekend sell-off. Ethereum’s value has increased by 20% striking the previous $200 mark to its current value of $202, with a market cap of about $18.9 billion.

Litecoin was the only top 15 currency that increased by less than 10%, while Ripple had a stunning 21% gain bringing the market cap to $7 billion from $1 billion.

The dominance of Bitcoin seems to be tapering down from 50% on Sunday to 46.8% on Monday, while Ethereum occupied a stable share in market at 22.8%, while Litecoin market cap has fallen from 3% to 2.8%. Ripple proved out to be the best performer with market cap share increasing from 1% to 8%.

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