The digital currency economy is steadily approaching a $300 billion market capitalization, as a great number of coins have been seeing decent gains. Bitcoin touched a high of $10,135 on July 26, during the early morning trading sessions, but ethereum is outpacing the top crypto measured by market valuation.
At the time of writing, the crypto economy is a force to be reckoned with as a number of digital assets have grown more valuable this week. Bitcoin (BTC) is hovering between $9,900 and $9,950 during the course of the late afternoon (ET) trading sessions.
BTC is up over 2.3% today and BTC’s overall market cap is just above the $182.6 billion mark. Despite the higher price, BTC’s dominance ratio is lower than it’s been since June 2019 at 61%.
BTC did touch five figures on Sunday, a price observers had not seen since the first week of June. Ethereum has been outperforming BTC by a longshot as the coin is now trading for $307 per coin.
ETH is up 3.6% today and 30% for the week compared to BTC’s 8% seven-day gain. ETH gained 35% during the last 30 days and around 58% over the course of the last 90-days. A number of speculators believe Ethereum’s defi and stablecoin boom is pushing the digital asset’s price to new 2020 levels.
Bitcoin cash (BCH) jumped to the $253 range on Sunday morning but the cryptocurrency is down 0.84% at press time. Bitcoin cash is up 7% for 30 days and 1.7% during the last 90 days. However, for the 12-month time span against the USD, BCH is still down 19% this weekend.
