$150 Billion: Total Cryptocurrency Market Cap Hits New All-Time High

in #bitcoin7 years ago

 The combined value of all publicly traded cryptocurrencies has set a  new record, surpassing $150 billion for the first time today. At press time, the value of ether, bitcoin and more than 800 other  blockchain-based assets had reached a high of around $154 billion,  according to CoinMarketCap. Overall, the figure indicates that the cryptocurrency market  continues to grow at a steady pace. At $154 billion, the market is up 13  percent over the last seven days, 67 percent over the last month and an  astounding 1,240 percent year-over-year. What might be most notable, however, is that the new high came during  a trading session in which there were no individual all-time highs for  major cryptocurrencies. At $4,275 and $324,  bitcoin and ether were edging up at press time, though still short of  their highs above $4,500 and $400, respectively. Further, the new  combined record came in spite of the fact there were no big gains in  litecoin, monero or dash, some of the more popular alternative  cryptocurrencies among traders. The lone breakout, in fact, was Ripple's XRP token – a cryptographic  asset issued by a San Francisco startup seeking to build enterprise  blockchain solutions. On the day's trading, XRP was up more than 50% to  $0.28, a movement that built on impressive gains yesterday as well. 

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