Cryptocurrency market update: $5 billion growth amid bullish Asian stock markets as US-China Trade Talk nears
|- Bitcoin retest $3,700 as cryptocurrencies kick off the week in the green.
- Ethereum spikes 13% in one week to trade highs of $137.65.
An incredible bullish trend has swept across the market on Monday, February 18. Most cryptocurrencies are in the green, especially for the top twenty digital assets. Bitcoin Gold is the market leader with gains 13% while Litecoin is leading from behind having corrected higher 0.7% on the day. Bitcoin, on the other hand, has touched at $3,700 after correcting higher 2% on while Ethereum and Ripple are up 2.98% and 2.82% respectively.
Ethereum was the strongest gainer during the weekend session. It recorded gains more than 11% on Sunday and zoomed to highs approximately $137.65. Recently, Ethereum reclaimed its position as the second largest asset on the market. Over the last seven days, the crypto has been on an upward trajectory to culminate in weekly gains of 13%. Moreover, it is trading above Bitcoin Cash (BCH) market value.
Although Ripple has experienced the least growth over the last one week, it has maintained above $0.30. Similarly, it is trading at $0.3140 at the time of press. In the past week, it has recorded a subtle 1.7% rise and a monthly loss of 5.5%.
As mentioned Bitcoin Cash is valued below Ethereum since February. In spite of that, it is up 4.98% on the day to exchange hands at $129. BCH/USD has corrected higher 4.5% in the last week.
Other assets like EOS are perming incredible well with gains of 3% on the day. Binance Coin (BNB) is up 4.7% while Stellar is up 2.9%. The market has also witnessed gains from $121 billion to the current $126 billion according to CoinMarketCap.
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