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With great relief from traders, it has been a positive weekend for exchanges for the encrypted market with solid gains made over the whole line. In fact, only one coin in the top 50 failed to push higher in the last 24 hours.
These gains have brought the value of the entire market to rise to $ 218.2 billion according to Coin Market Cap.
This means that it has increased by almost 3.3% in the last 24 hours or an impressive 7% from this Friday hour.
While the price of Bitcoin (BTC) was very strong during this period, the biggest contribution to the market gain was a recovery in alt coin prices. The bulls seem to have returned after the technical analysis showed that the cryptocurrencies had been oversold.
Here is the status of the works on Monday:
The price Bitcoin has risen by 2% in the last 24 hours to US $ 6,538.92 a currency, bringing the market capitalization to 112.6 billions of US dollars.
The price of Ethereum (ETH) rose 3% from yesterday to USD 302.84 per token. This latest increase increases the market capitalization of ETH to 30.7 billion US dollars.
The price of Ripple (XRP) continued its strong run and recorded a further 6.7% in the period at 34.8 US cents. The XRP market capitalization has now risen to $ 13.7 billion.
The price of Bitcoin Cash (BCH) rose by 2.5% from yesterday to 569.23 US dollars per token. This gain led Bitcoin's market capitalization to over $ 9.8 billion.
The EOS (EOS) price rose by 4.6% in the last 24 hours to $ 5.30, increasing the market capitalization to US $ 4.8 billion.
Outside the first five things were equally positive during the period. Price Stellar (XLM) increased by 0.1%, Litecoin (LTC) rose by 2.8%, Tether (USDT) rose more, Cardano (ADA) pushed 3.2% more and Monero (XMR) rose by 1.7%.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all have the same opinions, but we are all convinced that, considering a diversified range of insights, we have become better investors. Motley Fool has a disclosure policy. This article contains only general investment advice (with AFSL 400691). Authorized by Scott Phillips.
