SEATTLE, Wash. – The crypto market’s overall market capitalization shows remarkable gains for the week based on the Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC) price analysis. At the beginning of the week, there was a total market capitalization of about $325.3 billion. Today, it burgeoned to approximately $378.47 billion.
The cryptocurrency Ethereum experienced a rough ride during the first quarter of the year, but it is gradually recovering. This week, it reached a trending price of about $594.82 from $555.04. Within 24 hours, this crypto coin increased by more than 8% of its trading value. Crypto experts from Poland are now releasing an official report stating that Ethereum may soon be supporting diverse smart contracts and higher trading volumes.
A Litecoin (LTC) price analysis illustrates that this altcoin is shifting upward, reaching about $152.86 from $144.59. Presently, the trading price is at $142 which is a dollar higher than its previous price.
Now standing as the 4th leading digital asset, Bitcoin Cash made an impressive increase of about 15% since yesterday. It escalated to approximately $1,080 from its previous price of $959. The total market capitalization for BCH is now about $18 billion.
The crypto experts anticipated a decline for Ripple, but it has increased by over 19% of its trading value since yesterday. The present trading price for this crypto coin is at about $0.83.
Before its recent ascent, Bitcoin seemed to have been caught at a trending price of about $8,000 to $8,300 only. In the last 24 hours, it has increased to roughly $300 more. Present trading price is at $8,500. Bitcoin’s total market capitalization now stands at around $152 billion.
This continuing uptrend may have resulted from the departure of Cambridge Analytica from the crypto market scene. However, the company announced that it may issue another virtual currency soon to be used for personal data storage or advertising exchange. In fact, its former employee still believes that Cambridge can potentially handle client information and restructure the safety of online data.
Based on the present Bitcoin (BTC), Ethereum (ETH), Bitcoin Cash (BCH), Ripple (XRP), and Litecoin (LTC) price analysis, the cryptocurrency traders are positive that massive gains will soon be experienced in the crypto world.