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Cryptocurrency Market Crosses $80 Billion As Ether, Bitcoin Prices Gain
The cryptocurrency markets were once again above $80bn on Tuesday after spending much of the weekend in the red.
The cryptocurrency market continued to rebound on Tuesday, crossing the $80 billion-mark after a weekend that saw steep declines across the asset class.
Overall, the market reached a high of $84.9 billion today, up nearly 40% from a low of $61 billion this weekend.
STORY CONTINUES BELOW
At press time, all of the top 30 cryptocurrencies had posted 24-hour gains, according to data provider Coinmarketcap.
Leading the recovery were the ecosystem's three largest assets by market capitalization – bitcoin, ether and XRP, all of which were up more than 10% on the day's trading.
After dropping to below $2,000 this weekend, the price of bitcoin is now trading above $2,300, while ether notably crossed $200 for the first time since July 14.
At press time, the total value of the market was down just over 25% from an all-time high of $115 billion set in mid-June.
Arcade claw image via Shutterstock
Pete Rizzo
Pete Rizzo was CoinDesk's editor-in-chief until September 2019. Prior to joining CoinDesk in 2013, he was an editor at payments news source PYMNTS.com.
