Growth Of Crypto Market Volume Is 6% Over Week
The volume of the crypto market increased by 6% over seven days and amounted to $121.2 billion on February 11 at 05:12 (UTC), according to CoinMarketCap. Such a surge occurred for the first time in the last few weeks. The total value of all cryptocurrencies has risen by more than $7.5 billion.
On Friday, February 8, there was a sharp spike in bitcoin price. The value of the first cryptocurrency rose by 8% and reached $3690 in the period from 09:00 (UTC) to 17:30 (UTC). As of Monday, February 11, 05:24 (UTC), BTC was traded at $3657.
Following bitcoin, almost all the other most liquid cryptocurrencies increased in price. It should be noted that ether took the second position of the rating by capitalization again, having shifted Ripple (XRP) to the third place. The ETH price increased by 11.7% over the week, and the XRP value — by only 1%.
The top ten of cryptos saw some other changes. Litecoin reached fourth place, its value increased by 23% over the week. Also, Binance Coin, belonging to the Binance trading platform, has entered the list of the top ten cryptocurrencies for the first time. The growth of its price was 28%.
Another cryptocurrency, EOS, showed significant growth in value (13%). TRON has demonstrated more modest indicators, its price increased slightly by 1.2%. Last week was unsuccessful only for Stellar, the cost of which decreased by 3.4%. The Tether stablecoin is ranked seventh by capitalization.
In the morning of February 11, cryptocurrencies showed different indicators. Bitcoin, XRP, TRON, and Stellar were in the red zone, while the rest of the top ten cryptocurrencies were growing in price.