Top Cryptocurrencies Sees Strong Gain On Sunday, Bitcoin Rebounds To $8,000
After a somewhat scary step-down, Bitcoin(BTC) along with most of the top 20 cryptocurrencies rebounded reporting moderate to notable gains on Sunday, 19th May. The flagship cryptocurrency Bitcoin pushed just below the $8,000 mark again, after a sharp correction on May 17 that followed almost a week of massive growth.
Looking at the weekly chart of BTC, the token went up close to 11%, as per CoinMarketCap’s data. Luke Dashjr, a bitcoin core developer published a dedicated analysis that more than half of the full nodes in the bitcoin network are still running client software vulnerable to an inflation bug discovered in September 2018.
Bitcoin 7-day price chart. Source: CoinMarketCap
Holding onto its position, Ether (ETH) has the largest altcoin by market cap, which currently stands at $26.83 billion. As per CoinMarketCap data illustrates that ETH is up over 7% over the last 24 hours, trading around $252 at press time.
Ether 7-day price chart. Source: CoinMarketCap
The second-largest altcoin XRP has a market cap of $16.9 billion at press time. It went up about 7% over the last 24 hours and is currently trading at around $0.40. On the week, the coin is up over 28%.
XRP 7-day price chart. Source: CoinMarketCap
Total market capitalization
Amidst, top 20 cryptocurrencies bitcoin cash (BCH) and dash (DASH), reported two-digit gains went up by 13% and 10% respectively. At press time, the total market capitalization of all cryptocurrencies is currently at $247.8 billion, over 18% higher than the value it reported a week ago.
Total market capitalization 7-day chart. Source: CoinMarketCap
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