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$66,804.00
0.90%$3,227.00
0.96%$7.44
0.34%$609.85
2.31%$156.56
1.33%$1.002
0.20%$0.547378
2.20%$3,221.58
0.74%$0.160935
0.25%$5.67
-7.27%$0.510388
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-0.94%$38.83
-0.43%$66,741.00
0.87%$512.64
0.58%$0.11291
1.40%$15.41
0.77%$7.07
2.24%$14.90
-1.91%$0.737192
-0.48%$84.92
0.10%$8.10
1.34%$5.76
0.23%$3.06
6.29%$10.01
-1.18%$28.23
-0.21%$1.01
0.78%$1.18
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1.10%$6.53
-0.26%$0.132238
0.50%$2.41
6.18%$8.81
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5.86%$0.11731
0.86%$55.90
1.79%$0.09203
1.94%$3,236.03
0.36%$1.20
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14.09%$3.07
2.36%$0.04195963
0.48%$2.98
2.03%$0.127916
4.75%$0.302349
1.43%$2,856.81
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4.30%$28.41
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0.53%$2.41
3.38%$1.002
0.20%$2.64
1.58%$35.25
5.73%$123.84
2.40%$0.757414
-0.85%$11.70
1.23%$2.13
0.51%$5.65
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2.12%$3,541.81
0.28%$0.00018625
7.71%$1.36
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32.47%$0.03056254
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0.19%$1.17
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0.58%$0.193531
1.04%$9.97
0.76%$0.959945
0.53%$1.001
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0.85%$95.56
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3.57%$19.44
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3.24%$5.63
40.05%$0.00000132
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0.06%$0.836007
3.02%$44.78
0.35%$2.36
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0.62%$7.82
7.88%$7.70
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2.35%$0.609122
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0.23%$3.39
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1.51%$406.77
8.74%$0.118349
0.39%$2.43
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0.23%$0.680642
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0.49%$7.55
4.03%$0.252209
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1.58%$0.889153
0.04%$1.32
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0.97%$183.84
0.67%$0.4804
0.09%$0.01909595
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1.23%$0.747915
0.75%$1.26
0.17%$3,230.30
0.27%$0.735508
-7.82%$0.243955
1.62%$13.71
-1.63%$0.210644
3.59%$0.115493
6.36%$3.02
1.03%$2.37
-0.36%$0.00000035
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1.70%$183.42
0.69%$0.987131
0.41%$3,209.20
0.64%$0.103392
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0.77%$1.91
3.92%$1.64
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4.90%$104.98
2.06%$0.430069
0.09%$4.04
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0.21%$0.00011281
1.58%$1.001
0.14%$0.113865
-1.60%$36.44
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2.70%$0.00178852
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2.69%$0.063363
1.72%$3,429.34
0.64%$1.87
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7.53%$0.42238
-2.33%$0.100492
0.71%$3,464.50
0.29%$1.006
0.50%$0.439418
1.06%$0.261414
3.76%$0.349845
0.06%$1.99
-0.88%$15.54
1.51%$0.02980384
2.30%$1.19
0.57%$15.81
3.80%$1.09
1.85%$0.469463
0.05%$2.30
0.77%$4.96
0.39%$0.02663269
0.62%$23.97
1.38%$4.59
0.82%$0.00554891
2.97%$0.56414
0.84%$0.00265659
0.81%$0.00000047
0.57%$0.674975
1.62%$0.869888
0.17%$0.0337274
2.30%$1.76
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0.98%$4.06
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2.01%$3.57
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0.35%$0.555086
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0.84%$3,299.13
0.60%$4.97
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0.68%$64.53
0.29%$4.17
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12.95%$0.812152
1.17%$23.42
3.40%$0.484375
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0.35%$5.69
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2.94%$0.04104828
0.79%$0.03795211
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1.25%$4.33
2.26%$0.0288805
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0.04%$1.007
3.73%$0.276434
1.08%$0.00670393
0.04%$8.34
-0.42%$30.97
-2.43%$43.98
2.44%$1.31
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-0.22%$0.957107
0.97%$2.59
0.81%$28.01
2.60%$33.01
-0.98%$0.342538
0.63%$44.04
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6.42%$0.00382381
1.61%$29.75
-2.66%$3.85
-3.85%$30,572.00
0.24%$0.02235851
0.88%$35.98
-25.90%$0.760645
3.02%$0.404851
-1.60%$0.334433
1.19%As Bitcoin and Ethereum stage a comeback, the market capitalization of the entire crypto market crawled back above $2 trillion today for the first time since May 19, according to data from CoinGecko.
Bitcoin is up by more than 20% in the last week and is currently changing hands at around $46,500. The benchmark cryptocurrency is still the market’s undisputed leader, responsible for as much as 43.7% of its entire value.
But it’s not just Bitcoin behind the market’s resurgence. Ethereum, which went through its scheduled London hard fork last week, is currently outperforming BTC, having recorded a 28.4% rise over the past seven days. At the moment, ETH is trading at a near three-month high of $3,270.
Other major altcoins contributed to the market’s growth, with the likes of BNB, XRP, Polkadot, Solana, and Litecoin all rising by more than 20% over the week.
Cardano (ADA), the fifth-largest cryptocurrency in the market, is another notable contributor to the overall surge. The project is led by Charles Hoskinson, one of Ethereum’s original co-founders, and it is currently awaiting the arrival of its long-anticipated smart contracts functionality.
Smart contracts are essentially just lines of computer code that allow a blockchain's native currency to become "programmable." This is what has enabled the growth of the multi-billion-dollar DeFi market on Ethereum, which entails lending, borrowing, and trading crypto assets without intermediaries such as banks.
Caradno's native coin, ADA, has seen a 20.5% rise in price over the last 24 hours, and a larger 37% increase over the last week.
Disclaimer
The views and opinions expressed by the author are for informational purposes only and do not constitute financial, investment, or other advice.