Total crypto market cap added yet another $31.2 billion to its value since Monday, May 13 and now stands at $261.5. Top ten currencies are all in green for the 24-hour period with Stellar (XLM) and ether (ETH) leading the pack with 24 percent and 16 percent of gains respectively. At the time of writing bitcoin (BTC) is trading at $8,161 on the Bitstamp daily chart, while ether (ETH) stands at $265 and Ripple’s XRP climbed to $0.456.
Bitcoin closed the previous week with a 22.5 percent of price increase, successfully breaking the $7,000 barrier. Just three days earlier it moved above the $6,000 level confirming the return of the bull market.
On Monday, May 13, the BTC/USD pair added another 12 percent to its value by moving north to $7,803. Buyers were even able to push the price above $8,000 for a certain period of time during the day.
The most popular cryptocurrency climbed to $7,978 on May 14 in another winning session. On Wednesday, May 15, it formed its third consecutive green candle, crossing $8k to stop at $8,204. The 2.5 percent increase helped the total market cap climb to $260 billion regions.
The Hong Kong-based cryptocurrency derivatives platform BitMEX registered a record-breaking $10 billion 24h trading volume. The news was announced by the company CEO Arthur Hayes on May 12.
In the meantime, the biggest spot-market crypto exchange in terms of daily volume, Binance confirmed it will be returning to a normal mode of operations following the recent hack attack against its bitcoin wallet. The Malta-based platform informed it will reopen deposits and withdrawals on May 15 after they performed system upgrades one day earlier.