Bulls Ahead: BTC Climbed Over $3,700, Market Cap Adds Another $5 Billion
The cryptocurrency market is indicating a weak sign of a bullish trend. All the top 5 cryptocurrencies, except litecoin, are trading in the green zone. The total market capitalization of cryptocurrency increased by $5 billion.
According to CoinGecko, last week the price of bitcoin rose by 1.5%. At the time of publication, the first cryptocurrency in the world was trading at $3,730.
Ethereum also demonstrated significant growth. The price of ETH has jumped by 10% in the last 7 days, and now it stands at $137. At the time of publication, Ethereum ranked second by market capitalization, which rose to $14.4 billion.
Ripple is the third largest coin by capitalization. The XRP price rose only by 0.7% and reached $0.309087. EOS has risen in price by 4.8% in the last 7 days. At the time of publication, the EOS price was $2.95.
Litecoin is the only one of the top 5 cryptocurrencies that has lost value over the last week. LTC price collapsed by 5% to $44.49.
- Last week, Barry Silbert, CEO of the Digital Currency Group, said that in the long run, most altcoins would plunge to zero. At the same time, bitcoin will become digital gold, because the younger generation has lost faith in traditional assets.