Bitcoin is also up 3.3 percent over the past 7 days, and up 5 percent up on the month. Despite that, Bitcoin’s dominance has dropped slightly, down from 55.6 percent a week ago to 51.2 percent at press time, according to CoinMarketCap.
Bitcoin price chart. Source: Cointelegraph Bitcoin Price Index
The coin is up 2.6 percent in 24 hours to press time, currently trading at $245. Ethereum is up a significant 10.4 percent on the week, but it has not yet managed to recuperate its monthly losses, still down around 9 percent over the past 30 days.
Ethereum price chart. Source: Cointelegraph Ethereum Price Index
The third largest cryptocurrency by market cap Ripple (XRP) is the only one to see some losses among the top 20 coins, according to CoinMarketCap. Following a period of immense growth earlier this week, Ripple is down 0.23 percent over the past 24 hours, to trade at $0.568.
Ripple price chart. Source: Cointelegraph Ripple Price Index
Crypto markets are holding their gains firmly, with total market cap slightly up over the past 24 hours, currently at $227 billion. Following a significant sell-off that started on September 5, the market has only recently climbed back above the $220 billion point.
Total market capitalization chart. Source: CoinMarketCap
The sixth largest coin by market cap Stellar (XLM) is seeing the most gains among the top 20. Stellar’s price has surged more than 20 percent in 24 hours to press time, currently at $0.289. The altcoin experienced considerable growth this week, up around 40 percent over the past 7 days, according to CoinMarketCap.
CNBC’s Ran Neuner has noted in a tweet that cryptocurrencies are gaining significant momentum, pointing out that the daily trade volume of the entire market is approaching $14 billion, which is “the most volume we have seen in a while.”