Cryptocurrency markets have seen fresh gains over the last 48 hours and digital asset trade volume has spiked considerably. On Saturday, March 16, the entire cryptoconomy has a valuation of roughly $139 billion and global trade volumes are hovering around $33.7 billion.
After a Long Cold Winter, Crypto Enthusiasts Are Hoping to See the Start of Crypto Spring
Is crypto spring or altcoin season starting to bloom? That’s the question everyone’s been asking as over the last week most digital assets have looked bullish. A few months ago the cryptoconomy’s global trade volumes slid downwards showing a lack of market interest. However, over the last few weeks, crypto trade volumes have been steadily climbing and during the last 24 hours, digital currency markets captured $33.7 billion. At the time of publication, the largest market capitalization, held by bitcoin core (BTC), is up today 2.3%. BTC is hovering just above the $4K region at $4,045 per coin and is also up 2.2% for the week. Currently, BTC has a market valuation of around $71 billion and the highest daily trade volume capturing $10.1 billion this Saturday.
The second highest valuation is held by ethereum (ETH) and each coin is swapping for $142 per unit. ETH markets are up 3.9% for today and roughly 2.7% for the last seven days. Ripple (XRP) markets sit below ETH and each XRP is trading for $0.31 a token. XRP is up a hair at 1.6% for the last 24 hours and 1.5% for the week. Still holding strong in fourth position is litecoin (LTC), which is up today 4.7% and up over 5.4% for the entire week.