Cryptocurrency market prices have improved a great deal since our last market update, as the overall market capitalization of all 5,700+ coins has gained $16 billion since June 14. Most of the top digital assets have remained in a consolidated cycle and a great number of cryptos have been able to hold above their 50-day averages.
Crypto Market Capitalization Inches Toward $300 Billion
The crypto community is curious about what’s going to happen next in the land of digital currency markets. Today, on Wednesday, July 8, a great number of coins are up in value and have gathered decent gains. At the time of publication, the entire crypto cap of all the coins in existence is around $277 billion and there’s roughly $21.6 billion in global trades. Bitcoin (BTC) is hovering around $9,342 per coin and has a $172 billion market valuation. As far as seven-day gains are concerned BTC is only up 1% for the week.
The second-largest cap on Wednesday is Ethereum (ETH), which is trading for $245 per ETH at the time of publication. ETH has gained 7% during the last seven days. The stablecoin tether (USDT) currently holds the third-largest market valuation and it seems it will hold there for quite some time. Currently, the USDT market cap us around $9.6 billion and there’s $7 billion in global USDT trades today. XRP is the fourth largest valuation today, as each XRP is swapping for $0.19 per coin. XRP has gained 13% during the last seven days and it’s up over 8% today.
Bitcoin Cash (BCH) is the fifth-largest market cap on Wednesday, with a valuation of
