Crypto Market Rises by $30B in 48 Hours — Bitcoin Cash Leads With 88% Weekly Gain
On Sunday, June 25, the cryptocurrency market experienced a modest increase in value, climbing from $1.21 trillion two days prior to its current value of $1.24 trillion. Bitcoin has surged 15% in the past week, while ethereum has risen over 10% against the U.S. dollar. Furthermore, numerous other crypto assets have made notable gains, with bitcoin cash leading the way with an 88.2% increase.
Crypto Economy Swells With Bitcoin Cash, Pepe, and Aave Leading the Way
Over the past 48 hours, the cryptocurrency market’s worth has grown by an additional $30 billion. As of June 25, among the 9,941 cryptocurrencies listed on coingecko.com, the market cap stands at $1.24 billion – a 0.4% increase at 9:34 a.m. (ET) within the last day. This week witnessed bitcoin (BTC) soar by 15.7%, while ethereum (ETH) jumped by 10.4%. Apart from BTC, cardano (ADA) experienced the largest weekly gains among the top ten cryptocurrencies by market cap, amassing 11.3%.
In the past day alone, global crypto trade volume reached $38.62 billion; of this sum, $24 billion were paired with stablecoins. The most significant weekly gain was achieved by bitcoin cash (BCH), which rose 88.2% against the U.S. dollar. As of Sunday at 9 a.m., BCH is trading at approximately $202.35 per unit and claims the sixth-highest trade volume today with around $1.31 billion in transactions during the last day.
Pepe (PEPE) also emerged as one of this week’s market frontrunners, increasing by 64.7% within seven days. In terms of trade volume within a day’s time frame, PEPE occupies today’s eleventh position among top traded cryptocurrencies per coin. PEPE’s trading volume on Sunday amounts to approximately $312 million, and the token trades for $0.00000159 per unit at 9:34 a.m. Furthermore, decentralized finance (defi) platform Aave’s crypto asset, aave (AAVE), witnessed a 47.1% increase this week. Aave currently ranks ninth in global trade volume, reporting a substantial $559 million over the past day.
Bitcoinsv (BSV) experienced a notable 44.8% weekly uptick against the dollar, making it the fourth-largest gainer in growth. Additionally, the kava (KAVA) token rose by 36.7%, and synthetix (SNX) leaped 28.3% within a week’s time. Despite these gains, six cryptocurrencies incurred losses ranging from 1.2% to 6.8%. Among these are two gold-backed assets: XAUT and PAXG. Kucoin (KCS) lost 6.8% against the U.S. dollar this week, rocketpool (RPL) dropped by 5%, and BNB shed around 2.8% this week. Another loser was bittorent (BTT) as it lost 1.7% against the U.S. dollar over the past seven days.
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