Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 Billion

Digital currency markets have seen decent gains this weekend as bitcoin touched another all-time high (ATH) on Saturday afternoon. Meanwhile, a number of other crypto assets have seen significant price rises as well, as the entire market capitalization of all 7,500+ digital currencies in existence is hovering above the $800 billion mark.

The $800 Billion Crypto Economy

This weekend, bitcoin (BTC) spiked to a new all-time high at $33,333 per unit and since then the price has dropped some after the ATH. At the time of publication, BTC is hovering above the $32k handle as the crypto asset has climbed 19.9% during the last week. Meanwhile, the cryptocurrency has a market valuation of around $602 billion which brings the bitcoin dominance index to just over 71%.

Meanwhile, the second-largest market capitalization held by ethereum (ETH) is hovering around $88.6 billion. ETH has jumped over 21% this week, 25.4% during the last month, 119% over the 90-day span, and 12-months stats show ETH is up 474%. Currently, ethereum is swapping for $777 per unit and has around $4.8 billion in global trade volume. Further, ever since the recent SEC charges against XRP, the digital currency cap has dropped well below tether’s (USDT) market valuation.

Crypto Economy Spikes More Than 11%, Entire Market Cap Captures Over $800 Billion
On Saturday, January 2, 2021, the entire crypto economy is hovering at around $817 billion in value.

The digital currency XRP is trading for $0.219 per token. XRP is down 24% during the last seven days, 64% for the month, 10% over the three-month span, and 12 months stats against the USD show XRP is up 14.6%. The fifth-largest position is held by litecoin (LTC) which is trading for $137 per coin. LTC jumped 5.2% this week, and 52% during the last 30 days. 90-day stats show LTC has gained 191% and around 222% for the whole year.

Polkadot (DOT) is the sixth-largest market today as the token trades for $9.08 per unit. DOT is up a whopping 77% this week and 69% during the last 30 days. Bitcoin cash (BCH)

Read More