Over the past seven days, a number of coins have made great leaps and set new boundaries for the sector. This week proved to be quite monumental and tied into the feeling that the market is embarking on a bull run, with substantial amounts of new money pouring into the sector. The entire market rose significantly in value with cryptocurrencies breaking the $280 billion mark. The total market cap stood at around $233 billion on Monday and reached $280 billion on Saturday, an increase of just over 20%.
Bitcoin opened up the week at a price of around $7780 and despite suffering a drop in price on Tuesday, remained relatively stable over the course of the week. The price of Bitcoin has continued to rise as the week comes to an end and after breaking the $9000 mark for the first time earlier today, BTC went on to trade at a price of around $9080. This represents an increase of approximately 16% as BTC holders continue to experience great returns from their investments. After achieving yet another all-time high price, BTC currently has a market cap of just under $150 billion and retains a market dominance of approximately 53%.
Ethereum grew by over 30% when compared to last week’s closing price and managed to break its all-time high, thanks to a surge in demand from Korean investors. Ethereum started the week trading at a price of around $355 and experienced a 24-hour trading volume of approximately $750 million. Things began to pick up as the week drew to a close with the price of ETH passing $400 on Thursday with a large volume of activity taking place on the South Korean exchange Bithumb. ETC began to experience 24-hour trading volumes of over $1.5 billion and as a result, it reached an all-time high price of $485. The price of ETH has pulled back slightly and now trades at around $463, while Ethereum enjoys a market cap of approximately $44.5 billion.
A number of the sector’s top currencies were also able to record all-time high prices. Monero hit a peak at $171.61 on Thursday and at the time of this writing, EOS began to rally and advanced to $2.43, a 25% weekly increase. However, DASH was one of the week’s major winners and managed to reach a figure of $657.15, an increase of over 40% on its previous week’s price. Again, a large volume of trading activity took place on the South Korean exchange Bithumb and contributed to DASH being one of the week’s top performers. DASH currently trades at a price of around $630 and enjoys a market cap of just under $5 billion.