The Bitcoin price has leaped over the weekend, headlining a market advance and continuing its steady growth which saw most of the large-cap cryptocurrencies struggle to tread water. After starting the day at 9.
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6 billion, the crypto market cap grew to $10 billion, briefly crossing the $400 billion threshold.
Currently, the market cap is valued at $400 billion with Bitcoin having more than a third – $151.39 billion of it. The Bitcoin price came closer and flirted with the $9,000 checkpoint throughout the weekend. However, the flagship cryptocurrency failed to assemble the sustained support at this level and settled down to $8,900 on Bitfinex.
Ethereum, on the other hand, managed to return a better single-day performance. The Ethereum price rose 2% to $636 on Bitfinex – with a $63.1 billion market cap and a 15.8% share in the total market cap.
Most of the top-tier altcoins returned good overall single-day performances. Most of them were not as good as Bitcoin and Ethereum’s performance. However, there was one notable exception – Bitcoin Cash.
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We already wrote about Bitcoin Cash (BCH) and the expected hard fork as the main reason for the steady growth. BCH has soared by 83% against the dollar and is now trading at $1,410.86 with a $24 billion market cap.
EOS, Cardano and Stellar all declined by one percent, while Litecoin and NEO rounded out the top 10 with a 1% increase making the first time in quite a while that the top 10-cryptocurrency held a market cap of over $400 billion.
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