Over the weekend, the cryptocurrency market saw a broad-based surge, resulting in a significant increase in the value of prominent virtual coins.
At 5:10 p.m., Bitcoin, the world’s most popular cryptocurrency, was trading at $45,000, up 2.10%. Bitcoin had touched a new three-month high of $45,900 earlier in the day. The market capitalisation of cryptocurrencies has also risen substantially to $856 billion.
Ether, a smaller competitor, surged dramatically over the weekend and traded at over $3,100 on Monday. The market capitalisation of Ether has increased to $365 billion.
XRP, Cardano, Dogecoin, Litecoin, and Polkadot, among other prominent cryptocurrencies, recovered over the weekend.
While primary virtual currency had dramatic price drops over the weekend, there is a potential that the market may consolidate over the next few days.
“We saw a wonderful weekend when the crypto markets climbed steadily,” Edul Patel, CEO and Co-founder, Mudrex- A Global Algorithm Based Crypto Trading Platform, remarked of the excellent weekend performance.
“The markets are currently undergoing a gradual consolidation. On the other hand, the momentum is good, and we may see a more substantial surge across the altcoins”. He went on to say that the next 24 hours might be a lucrative booking period.
Here are the latest prices and trends of popular cryptocurrencies:
| Cryptocurrency | Price (US Dollar) | 24-hour change | Market cap (Billion) | Volume (24 Hours) |
| Bitcoin | 45,869.56 | 2.59% | $862.16 | $40.99 billion |
| Ether | 3,133.68 | 0.86% | $366.68 | $36.48 billion |
| Dogecoin | 0.261294 | 0.84% | $34.14 | $4.15 billion |
| Litecoin | 155.33 | 1.00% | $10.60 | $2.12 billion |
| XRP | 0.820442 | 2.32% | $82.04 | $4.37 billion |
| Cardano | 1.47 | 0.82% | $47.58 | $2.23 billion |
