Ether Grows Steadily While Global Market Volumes Fall
The exchange rate of ether, the second cryptocurrency in terms of capitalization, grew steadily during the week, from April 1 to April 8. At the same time, the total trading volume in digital assets has first reached a record and then began to decline gradually, according to CoinMarketCap.
At the beginning of the month, the price of ether was $142, but already on Monday, April 8, the coin was traded at almost $182. In general, the ETH exchange rate has increased by 28.5% over the week.
Earlier, on Thursday, April 4, the total trading volume on the crypto market exceeded $86.6 billion, which was a historical maximum. Later in the evening, this indicator fell slightly, and it amounts to about $61.2 billion as of April 8.
Most of the cryptocurrencies of the CoinMarketCap top ten were in the green zone. XRP, Litecoin, Binance Coin, and Cardano were experiencing a slight decline (less than 2%).
Bitcoin can please traders with its robust growth: a week ago, the value of the first cryptocurrency overcame the psychological mark of $5000. On Monday morning, April 8, it was traded at $5272. The bitcoin exchange rate has grown by 2.4% over the last day.
Also, the Stellar token (XLM), the eighth in the rating, demonstrated quite a good growth. Over the week, its value has increased by 5%, reaching $0.132.
Besides, the total capitalization of the crypto market has risen significantly: it did not exceed $144 billion in March, then this figure began to increase starting from April 2 and amounted to $183.6 billion on April 8.
As previously reported, the price of Litecoin increased by 100% in three months.