For the first time in history, the total cryptocurrency market cap has reached an all-time high. By surpassing $150 billion, it has set a new record in crypto market.
Value of Cryptocurrency MarketCap
However, during last week Bitcoin and Ether prices were surging by crossing $4000 and $300 respectively. It has created huge demand and growth value for cryptocurrency among traders in large. Though Market Cap continues to reach a steady pace of success. Over the last seven days, the MarketCap was up 13% at a value of $154 billion and 67% over the last month and eventually 1240 percent as years continue adding up.
The emergence of Bitcoin Cash may also be considered as the biggest reason for such astounding surge in the value of Marketcap. Further, there were no such gain seen on other alternative cryptocurrencies like Monero, Dash, Litecoin etc.