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Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin, EOS Push Crypto Market Cap to 5-Month High of $185 Billion

by Daily Hodl Staff
April 8, 2019
in Altcoins

Cryptocurrency market capitalization reached a high of $185.89 billion as Bitcoin (BTC) and Ethereum (ETC) increased by $3 billion and $1.7 billion, respectively, over a 24-hour period.

The near five-month high of $185.89 billion is the largest recorded crypto market cap since mid-November 2018.

On April 1st, the total market cap stood at $146.2 billion.

Total Cryptocurrency Market Capitalization
Source: CoinMarketCap

Bitcoin continues to lead the market rally with BTC dominance at 50.8%. The world’s largest cryptocurrency reached a high of $5,316 on Sunday. Ethereum climbed to $184.38, up 10%, with a daily volume of over $9 billion, its highest level in more than a year.

Bitcoin, Ethereum, XRP, Bitcoin Cash, Litecoin and EOS have posted market cap increases of $1 billion or more within the past week.

Altcoin Flows Since April 1

  • Bitcoin Cash market cap increased by $2.45 billion, according to CoinMarketCap, after a consolidation of Bitcoin Cash (BCH) and Bitcoin Cash ABC (BCHABC) listings
  • XRP market cap increased by $1.766 billion
  • Litecoin market cap increased by $1.674 billion
  • EOS market cap increased by $1.095 billion
  • Cardano (ADA) market cap increasedy $435 million
  • Stellar (XLM) market cap increased by $400 million
  • Tron (TRX) market cap increased by over $350 million
  • Binance Coin market cap decreased by $89 million

Stellar Lumens closely trails Binance Coin (BNB) following a 6% increase to $0.134. Its current market cap is $2,497,245,435 compared to $2,599,626,913 for BNB. Since April 1, BNB is the only coin in the top 10 to post a declining market cap.

Source: Coin360

At time of writing, Tron is currently up 8.9% at $.031, the highest percentage gainer among the top 10 coins. Ethereum is the second-highest percentage gainer at $178.29, up 6.18%. Bitcoin is currently up 1.55% at $5,209, and XRP is down .68% at $.357.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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