Total Market Cap Remains Over $400 Bln As Markets See More Green

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Total market cap bypasses $400 bln today, as BTC, ETH, and other coins see more growth.

Bitcoin (BTC) has solidly broken above $9,000 and Ethereum (ETH) is inching closer to $700, according to data from Coin360, as the crypto markets continue on their upward swing that has now lasted more than two weeks.

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BTC is currently trading at around $9,312, up almost 4 percent over 24 hour period by press time. BTC dominance is slightly down from its recent numbers in the 40 percent range, currently at around 37.3 percent by press time.

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ETH is up 8 percent over a 24 hour period, trading at around $692 by press time, a price point last reached in mid-March.

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Of the top ten listed on CoinMarketCap – which are all in the green – EOS is up the most, up around 17 percent over a 24 hour period by press time and trading at around $13.57.

Bitcoin Cash (BCH) is next highest, up around 9 percent over a 24 hour period and trading at around $1,522 by press time. BCH’s around 100 percent price rise this week could be attributed to the upcoming May 15 hard fork announcement as well as BitPay’s addition of a BCH option on their BitPay Checkout app.

Total market cap is also solidly over $400 bln, specifically at around $423 bln by press time according to data from CoinMarketCap. The last time total market cap reached this amount was in early March.

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Author: Molly Jane Zuckerman

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