According to СoinmarketСap, the total cryptocurrency market capitalization reached $423 billion. Meanwhile, the value of 1,584 virtual currencies traded on 10,654 platforms exceeded $400 billion.
According to analysts, the crypto market has gained upside momentum with the top 10 digital currencies rising considerably.
Bitcoin (BTC) has been the major contributor to overall growth, with its price hitting a fresh six-week high above $9,200 on April 24. Last time BTC neared these levels in mid-March 2018.The Bitcoin Dominance Index currently equals 37.32%.
On Tuesday, the No. 1 cryptocurrency traded at $9,198, rising above the $9,250 mark on some exchanges. According to economists, Bitcoin rose by almost 4%, gaining 14% on the week. The market capitalization of the most popular cryptocurrency reached $157.88 billion.
Ether, the cryptocurrency No. 2 by market cap, rose by 7.93% in the last 24 hours. Its market value came in at $67.97 billion. Ripple was back in the green zone, showing an increase of 5.05%. The market capitalization of this digital asset stood at $35.97 billion. Bitcoin Cash traded with a bullish momentum. The price of the coin was $1,527.47 with the market capitalization below $26.11 billion.
EOS is leading the pack, showing an increase of 17.18% in 24 hours. It outperformed Litecoin, sticking a flag into the fifth place in the cryptocurrency market cap rankings. The coin was valued at $13.56, bringing the market capitalization to $11.02 billion.
