The crypto market has had a strong weekend of trade and pushed notably higher since Friday morning.
This means that the entire value of the crypto market has risen to US$434.2 billion according to Coin Market Cap, which is a 6.3% increase since this time on Friday.
Here is the state of play on Monday morning:
The Bitcoin (BTC) price is up 0.2% since this time yesterday and 2.7% since Friday to US$9,359 per coin. This has lifted the market capitalisation of the world’s largest cryptocurrency to US$159.2 billion. Last week one crypto analyst tipped Bitcoin to replace reserve currency one day, which would give it a value of US$700,000 per coin.
The Ethereum (ETH) price is down 0.2% over the last 24 hours but 5.2% higher since Friday to US$682 per token. This has left Ethereum with a market capitalisation of US$67.6 billion.
The Ripple (XRP) price is 0.1% lower since this time yesterday but 2.8% higher since Friday to 86.8 U.S. cents. The popular alt coin now has a market capitalisation of just under US$34 billion.
The Bitcoin Cash (BCH) price is up 1.7% over the last 24 hours and 4.6% since Friday to US$1,422.35 per token. This has lifted the bitcoin spin-off’s market capitalisation to over US$24.3 billion. Traders continue to snap up the increasingly popular alt coin ahead of its hard fork in the middle of May. That hard fork will create a new and improved coin by the name of Bitcoin ABC.
The EOS (EOS) price has been a huge mover and is up 7.5% during the last 24 hours and a massive 36.6% since Friday morning to US$20.51. This has taken the coin’s market capitalisation to over US$16.9 billion.
Outside the top five there have been some solid gains being made over the previous 24 hours. The Cardano (ADA) price and the Stellar Lumens (XLM) price are both up 4% during the period, whereas the NEO (NEO) price has surged a remarkable 19% since this time yesterday.
The crypto bulls certainly appear to be back in town right now.
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Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.