Much to the delight of cryptocurrency traders, there were solid gains being made across the crypto market over the weekend.
Over the weekend the market has pushed notably higher and brought its total value to US$464 billion.
Here's what you need to know:
The bitcoin (BTC) price has risen by over 4% since midnight on Friday to reach US$11,437 per coin this morning. This has increased bitcoin's market capitalisation to US$193.3 billion, which is the equivalent of 41.7% of the entire market. At one stage the world's largest cryptocurrency reached a weekend-high of US$11,522 before profit taking weighed on proceedings. Bitcoin traders have a tendency of locking in gains ahead of the start of a new week.
The ethereum (ETH) price is marginally higher during the period to US$865.98 per token. The popular altcoin's market capitalisation currently stands at just under US$85.9 billion.
The world's third-largest cryptocurrency, Ripple (XRP), is up 4.2% since midnight of Friday to 95.2 U.S. cents. Ripple's market capitalisation has lifted to over US$37.2 billion after this gain. It is, however, still down over 75% from the high it made at the start of the year. At that point Ripple had a market capitalisation of almost US$150 billion.
The Bitcoin Cash (BCH) price has risen slightly to US$1,275.55 during the period. This left the bitcoin spin-off and fourth-largest cryptocurrency with a market capitalisation of US$21.7 billion.
The litecoin (LTC) price is up over 2% since midnight on Friday to reach US$212.11 per token. The popular altcoin, which has been tipped by its founder to overtake Bitcoin Cash's market capitalisation this year, now has a market capitalisation of just under US$11.8 billion. The LTC price will need to almost double over the next nine months if it is going to overtake BCH. I'm a touch sceptical that this will occur.
