The cryptocurrency markets entered the week on a high note, as every top 100-cryptocurrency rose against the value of the dollar on Monday. The rally placed the Bitcoin price in position to surmount the $9,000 barrier, while the Ethereum price began to test $900.
Altogether, the #cryptocurrency market cap made a nearly $40 billion advance, from $392.8 billion on Sunday to $432.4 billion on Monday. This works out to a 24-hour increase of 10 percent, one of the index’s better single-day performances in recent memory.
Bitcoin Price Eyes $9,000
Monday morning brought an eight percent recovery in the Bitcoin price, raising it to a present value of $8,729 on Bitfinex. This represented a nearly $1,000 recovery from Sunday morning when the flagship cryptocurrency dipped to $7,851. Bitcoin now has a market cap of $149 billion, which holds its market share steady at 34.5 percent.
(source: https://www.ccn.com/bitcoin-price-eyes-9000-markets-recover-sunday-dip/)
Ethereum Price Punches Past $850
Monday’s market movement also dealt the #Ethereum price a winning hand, and the second-largest cryptocurrency rose by six percent to $860. Ethereum currently has a market cap of $85.1 billion, which places its market share at 19.7 percent.
Altcoins Ride the Bullish Wave
The wider #altcoin #markets took full advantage of the day’s bullish wave, and every cryptocurrency ranked within the top 100 advanced by at least two percent (excluding stablecoins).
The Ripple price posted a 14 percent gain, which raised the value of #XRP to $1.07. Ripple now has a $41 billion market cap, making it nearly twice as large as fourth-ranked Bitcoin Cash, which rose just six percent to $1,290.
Cardano saw its price rise by eight percent, placing its market cap in position to crack the $10 billion barrier in short order. EOS, meanwhile, punched through $9 billion on the heels of a nine percent price increase.
The final four coins in the top 10 managed to outperform the index. Litecoin, ranked seventh, rose by 12 percent to $162, while NEO’s 14 percent gain led all top 10-cryptocurrencies.
The Stellar price added 11 percent to reach a present value of $0.39, and IOTA — bolstered by news that Bosch had invested in IOTA and joined the project’s network advisory board — rose 13 percent to round out the top 10.
Featured image from: CCN News