Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon.
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The Cryptoconomy Captures $368 Billion
Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has reached a 17-month high and has gathered a market valuation of around $228 billion. BTC has about $32.9 billion worth of global trade volume and at $12,828 per coin, the cryptocurrency is up 40% for the week.
Many other coins have been seeing significant gains as well and ethereum (ETH) prices have jumped 28% in the last 7 days. One ETH is trading for $345 per coin and the currency’s market valuation is around $36 billion on Wednesday, June 26. Following behind ETH is ripple, which has seen very small gains compared to many other coins. XRP is swapping for $0.48 per coin and the market is up 13% for the week. The fifth largest market valuation belongs to litecoin (LTC) and each coin is trading for $136 per unit and markets are actually down 0.75% over the last 7 days.
Bitcoin Cash (BCH) Market Action
Bitcoin Cash has been on a roll this week as well in fourth position as markets have spiked 21%. One BCH is swapping for $505 and the market has a total valuation of around $9 billion today.