Having experienced a slight decline yesterday, Bitcoin seem to have found its footing and trading above $6,700 all through the day. As at press time, the leading cryptocurrency is up 0.9 percent and currently trading at t $6,734.
Remarkably, in the last 7 days, Bitcoin is up by 3.3 percent, and up 5 percent on the month. Regardless of the gains, Bitcoin’s overall dominance has dropped slightly from 55.6 percent a week ago to 51.2 percent currently.
After briefly relinquishing its position during an impressive Ripple (XRP) rally, Ethereum (ETH) has now taking its position as the second largest cryptocurrency by market capitalization.
The cryptocurrency asset is up 2.6 percent in 24 hours and currently exchanging hands at $245. While Ethereum is up 10.4 percent on the week, it hasn’t still managed to cover its monthly losses as it is still down by 9 percent over the last 30 days.
While other cryptocurrency have enjoyed a run of gains in the last 24 hours, the third largest cryptocurrency by market cap, Ripple has seen some losses and down 0.23 percent in the last 24 hours. At the moment, XRP is trading at $0.568
Currently, the cryptocurrency markets is firmly holding up to its gain with total market cap slightly going up in the last 24 hours. At the moment, the total market cap is $227 billion. And Despite the significant sell-off that started in September 5 , the market has recently climbed above the $220 billion point.
Among the top twenty cryptocurrencies, Stellar (XLM) the six largest cryptocurrency has enjoyed the most gains in the last 24 hours. This cryptocurrency is up by 20% over the last 24 hours and currently trades at $0.289. For the week, Stellar enjoyed a considerable growth of 40 percent.
Elsewhere, Cardano (ADA) is up 10.6 percent and currently exchanges for $0.09. Looking at its weekly growth rate, Cardano is up by a whopping 31 percent.
In a recent tweet, CNBC’s Ran Neuner stated that the cryptocurrency market is gaining some incredible momentum, clearly pointing out that the daily trading volume of the entire market is steadily approaching $14 billion, a volume we haven’t seen in a while.