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Cryptocurrency Weekly Market Update : Bitcoin, Ethereum, XRP, Bitcoin Cash and Dash

At the time of writing, the combined value of the cryptocurrency market rose to hit $247 billion after recovering from low of $222 billion, an average daily trading volume plummeted to $87 billion.

The crypto market performs functional comeback on the weekend, though, the recovery has hindered on Monday with Bitcoin and other altcoins fell in the red zone again.  

The Biggest cryptocurrency by market capitalization, Bitcoin, reached $8,300 mark on Monday before returning to $7,974 mark. The coin is trading down by 0.30% today, though showing strong bullish momentum.

The second biggest cryptocurrency, Ethereum recently lost 4% today in the wake of sharp sell-off. The price of ETH reached $260 before returning back below $250 range. As of writing this article, ETH is trading at $249.45 with a market capitalization of $26.4 billion.

The third largest cryptocurrency by market capitalization, Ripple reached $0.42 before rebounding to $0.40 mark. Ripple is trading down by 4% with a total market capitalization of $16.9 billion and 24-hour trading volume of $2.7 billion.

The Fourth Largest cryptocurrency, Bitcoin Cash has also performed well today with a 7% surge in its price. The coin hit a high of $404 before correcting back to $402. The market value of Bitcoin Cash BCH is $7.1 billion with 24hour trading volume of $3 billion.

With a 14% rise in value, Dash has become the prominent gainer today, TRX is currently trading at the time of writing. The coin holds the 13th place in the cryptocurrency rating with the current market value of $1.4 billion.

About Steve Anderrson

Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic

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