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Crypto Market Capitalization Increases By 10%

13:46 24/09/2018

The total crypto market cap has increased by 10% over the past seven days, thus following the trend of the previous week, according to the analytical resource CoinMarketCap.


On September 17, the volume of the crypto market capitalization was $203.8 billion, the next day it underwent correction to $192.6, but since then it experienced an unequivocal increase, reaching its maximum of $228.8 billion on September 23. The volume of market cap is $218.68 billion at 07:35 (UTC) on September 24.


Source: CoinMarketCap


During the first days of the last week, the bitcoin's price underwent a dramatic correction. It was priced at $6523 on September 17, and then it decreased to $6208 on September 19. Within a week, the first cryptocurrency reached its maximum price of $6799 on September 22. The BTC price is $6678 at 07:35 (UTC) on September 24. The overall weekly growth is estimated at 2.7%.


Source: CoinMarketCap


All the top 10 cryptocurrencies grew in their prices. The lowest increase was demonstrated by Monero — 3.6%, and Litecoin — 6.6%. Ether and EOS demonstrated approximately the same indicators and increased by 9.8% and 9.5%, respectively. There were significant increases in the prices of Cardano (23.3%) as well as Stellar (28.5%).


Ripple is rightfully considered the leader of the week. The value of this cryptocurrency has doubled. At the beginning of the past week, the Ripple's price was $0.28 and it is valued at $0.57 at 04:04 (UTC), September 24. The Ripple's rate rose following several positive news related to the recent activity of the crypto platform.


Over the past day, bitcoin, Ripple, Litecoin, and Monero are in the "red zone” however the remaining top 10 cryptocurrencies continue to grow in price.

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