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Digital asset markets have been on a tear lately, gaining $68 billion in five days. Currently, there’s over $100 billion in global trade volumes and crypto bulls don’t seem to be letting up any time soon.
The Cryptoconomy Captures $368 Billion
Cryptocurrency markets have seen incredible gains over the last few weeks and between a few small corrections, prices continue to rise. The price of bitcoin core (BTC) has reached a 17-month high and has gathered a market valuation of around $228 billion. BTC has about $32.9 billion worth of global trade volume and at $12,828 per coin, the cryptocurrency is up 40% for the week.
Many other coins have been seeing significant gains as well and ethereum (ETH) prices have jumped 28% in the last 7 days. One ETH is trading for $345 per coin and the currency’s market valuation is around $36 billion on Wednesday, June 26. Following behind ETH is ripple, which has seen very small gains compared to many other coins. XRP is swapping for $0.48 per coin and the market is up 13% for the week. The fifth largest market valuation belongs to litecoin (LTC) and each coin is trading for $136 per unit and markets are actually down 0.75% over the last 7 days.
Bitcoin Cash (BCH) Market Action
Bitcoin Cash has been on a roll this week as well in fourth position as markets have spiked 21%. One BCH is swapping for $505 and the market has a total valuation of around $9 billion today. BCH is also up more than 7.5% today with around $2.8 billion in global trades. The top exchanges trading the most BCH on June 26 include Coinbene, Binance, Bibox, Digifinex, and Huobi Pro. BCH is still the sixth most traded coin below EOS and above XRP. There are six dominant pairs with BCH this Wednesday with tether (USDT) capturing 44% of all BCH trades. This is followed by BTC (28%), USD (11%), KRW (7.8%), ETH (2.6%), JPY (2%), and EUR (1.4%). The KRW, JPY, and EUR pairs against BCH have increased considerably over the last few weeks.
Source from Bitcoin.com, author Jamie Redman
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