Much to the delight of traders, it has been a very positive weekend for the crypto market with gains being seen across the board.
This has lifted the value of the entire crypto market up to US$256.5 billion according to Coin Market Cap, which equates to a 4.8% gain since this time on Friday.
Here is the state of play on Monday morning:
The Bitcoin (BTC) price has risen 1.5% since this time yesterday to US$6,384.65 per coin. This has lifted the crypto giant’s market capitalisation to just over US$109.5 billion.
The Ethereum (ETH) price has pushed 3.4% higher over the last 24 hours to US$451.72 per token, increasing Ethereum’s market capitalisation to US$45.5 billion.
The Ripple (XRP) price is up 1.7% during the period to 44.75 U.S. cents, improving the alt coin‘s market capitalisation to just under US$17.6 billion.
The Bitcoin Cash (BCH) price has climbed 3.2% higher since this time yesterday to US$726.99 per coin. This leaves the Bitcoin offshoot with an improved market capitalisation of over US$12.5 billion.
The EOS (EOS) price has been the biggest moving major coin with a gain of 6.3% over the last 24 hours to US$7.45. This solid rebound means that the EOS market capitalisation has lifted to just under US$6.7 billion, though it is still down significantly month-to-date.
Outside the top five the gains were even stronger during the last 24 hours. In fact, in quite a contrast to last week, just four coins in the top 50 have failed to make gains during this time.
News that CoinBase plans to add up to five new unnamed coins to its exchange in the near future could have been the catalyst for the alt coin gains.
The Litecoin (LTC) price has risen 2.6%, Stellar (XLM) has climbed 4.6%, Cardano (ADA) is up 3.7%, and IOTA (MIOTA) has pushed 3.3% higher. Once again, the U.S. dollar-pegged coin, Tether (USDT) has gone against the grain and is down 0.1%.
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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.