• Bitcoin (BTC) and Ethereum (ETH) are trading almost flat, with a slight increase of 1.3% and 2%, respectively.
• Ripple’s XRP is the clear leader within the top 10 cryptocurrencies by means of total market cap, increasing by around 8%.
• Cardano (ADA), MATIC, DOT, and TRX are some other altcoins that managed to book similar gains.
Crypto Market Update
The broader crypto capitalization stands at shy of $1.2 trillion this week after barely increasing by around $5 billion. Major cryptocurrencies such as Bitcoin (BTC) and Ethereum (ETH) have been trading almost flat, but some altcoins have managed to surprise with gains.
Bitcoin Price Movement
Bitcoin was trading at around $26,500 this time last week and increased to around $27,500 a few days later. It then plunged back below $27K before testing $27,500 again on Thursday. The bears weren’t having it though and made another decisive swing down putting BTC’s price where it’s currently trading at around $26,800 – booking a slight increase of 1.3%.
Ethereum Price Movement
Ethereum is also trading for a 2% increase on the weekly alongside other notable gainers such as Cardano (ADA), MATIC, DOT, and TRX which all managed to book similar gains.
Ripple’s XRP Price Movement
Ripple’s XRP has been stealing the center stage this week in terms of price movement managing an 8% rise in its value over the course of seven days positioning it as the clear leader within the top 10 cryptocurrencies by means of total market cap – likely due to positive news surrounding its ongoing legal case against SEC.
Altcoins have been performing well this past week across the board showing increases in their respective prices with Cardano (ADA), MATIC, DOT, and TRX being among those that saw significant gains alongside Ripple’s XRP which was leading overall.