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HomeCryptocurrency NewsThe crypto market cap grows by $ 35 billion since May 29

The crypto market cap grows by $ 35 billion since May 29


For two weeks, from May 29 to June 9, the value of digital money exceeded $ 340 billion. Over the past two weeks, the bitcoin rate, for example, increased by $ 500
Most digital money has risen in price over the past two weeks, i.e. in late May and early June 2018. Since May 29, the total capitalization of the cryptocurrency has increased by $ 35 billion, now it is $ 340 billion.

Virtually half of the market – 38.1% is occupied by bitcoin. Its price increased by $ 500, the coin is traded at $ 7,600. According to many financial analysts, the cost of cryptocurrency must overcome the mark of $ 7,800, then it will sharply rise to $ 8,000 and continue to grow in the long term.

Over the past few days, the price of Ethereum has increased by more than 17%. Now altcoin costs $ 603, although at the end of May his rate was $ 520. This crypto has one of the highest daily volumes on exchanges – $ 1,5 billion. By this indicator, it is in third place after bitcoin and Tether, which is an analog of the dollar on many exchanges.

In early May, the total capitalization of the market exceeded $ 470 billion, after which it began to fall. For a month, it fell by $ 170 billion. During this time, bitcoin has fallen in price by almost $ 3 thousand – from $ 9,950 to $ 7,100.

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