In the beginning of the week, on Monday 7th, 2019, most of the top cryptocurrencies by market cap are seeing their prices go up. The gains, while moderate, have been seen in the last 24 hours.
Bitcoin surpassed the $4,000 level. At the time of this writing, the price of the “people’s currency” is $4,029, according to Coinmarketcap. Just a week ago, the price of Bitcoin was $3,730. On January 2nd, Bitcoin was trading at an intra-week high of $3,947, which level has now been broken.
Ripple and Ethereum are vying for the second place by market cap. Ethereum’s current market cap is $15.9 billion, while Ripple’s – $15 billion. For a short period of time, Ripple surpassed Ethereum as the second largest crypto by market cap.
While the daily price chart for Ethereum does not so promising, Ethereum has actually garnered some price power and the coin is now trading at around $151.9, while just a week ago, the price was in the $130 – $135 range.
In addition to Bitcoin and Ethereum, the other top cryptocurrencies whose prices are putting smiles on their investors’ faces are Ripple, Neo, ZCash and Stellar. All of these are up from 3%+ to 10%+.
The overall market cap of the cryptocurrency market is now about $136 billion. A week ago, the market’s value amounted to circa $128 billion.