Cryptocurrency Market Crosses $80 Billion As Ether, Bitcoin Prices Gain
The cryptocurrency markets were once again above $80bn on Tuesday after spending much of the weekend in the red.
Jul 18, 2017 at 4:45 p.m. UTC
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The cryptocurrency market continued to rebound on Tuesday, crossing the $80 billion-mark after a weekend that saw steep declines across the asset class.
Overall, the market reached a high of $84.9 billion today, up nearly 40% from a low of $61 billion this weekend.
At press time, all of the top 30 cryptocurrencies had posted 24-hour gains, according to data provider Coinmarketcap.
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Leading the recovery were the ecosystem's three largest assets by market capitalization – bitcoin, ether and XRP, all of which were up more than 10% on the day's trading.
After dropping to below $2,000 this weekend, the price of bitcoin is now trading above $2,300, while ether notably crossed $200 for the first time since July 14.
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At press time, the total value of the market was down just over 25% from an all-time high of $115 billion set in mid-June.
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