The cryptocurrency economy reached a market cap of $2 trillion on Monday after the recent rally in altcoins. XRP remained the best-performing cryptocurrency among the top 10 after a jump of nearly 60% in the last seven days. According to the Coinmarketcap data, the total value of digital currencies touched $2 trillion on 5 April, which is its highest level on record.
XRP crossed $0.93 during the latest rally.
XRP crossed $0.93 during the latest rally, which was the highest level since May 2018. At the time of writing, the overall market cap of cryptocurrency assets stands at around $1.98 trillion. Bitcoin, the world’s largest cryptocurrency, has a market cap of more than $1.1 trillion. XRP became the 6th most valuable cryptocurrency in the world after it reached a market value of $40 billion, which is more than Cardano, Uniswap, and Litecoin. As reported earlier, bitcoin’s share of the overall cryptocurrency market dropped below 56% after the latest rally in altcoins.
Ethereum touched an all-time high of $2,150.
The world’s second-largest cryptocurrency Ethereum touched an all-time high of $2,150 yesterday after a significant surge in retail and institutional demand. Grayscale, a leading digital asset manager, also recently highlighted the growing institutional interest in Ethereum-related investment products. Currently, Grayscale has more than 3.1 million Ethereum under management with a total value of more than $6.5 billion. The world’s 6th largest cryptocurrency XRP has been on the rise since the start of last week. The cryptocurrency jumped from $0.55 to $0.93 within the last seven days. As of writing, the XRP price is trading near $0.88 as the cryptocurrency is targeting the next milestone of $1. Binance Coin also recently crossed the market cap of $50 billion after the digital currency jumped nearly 25% within the last week.