The crypto Twitter (NYSE:TWTR) technical analyst, Michaël van de Poppe, posted on Twitter today that the total market cap of the crypto market is reclaiming the 200-Week Moving Average (MA).
Total crypto market cap (Source: TradingView)
The crypto market tracking website, CoinMarketCap, shows that the total crypto market cap has risen 3.53 percent over the last day – taking the total to approximately $947.78 billion.
The recent increase in market cap can be attributed to the latest performance of the two crypto market leaders, Bitcoin (BTC) and Ethereum (ETH). Both of the leaders have seen a positive increase in their prices over the past 24 hours, with BTC’s price rising 2.24 percent and ETH’s price climbing 5.11 percent.
Currently, Bitcoin’s market cap is standing at $396.65 billion and Ethereum’s market cap is standing at $164.05 billion. Other contributors to the market cap increase are Binance Coin (BNB) with a 3.72 percent increase in price over the past 24 hours – taking its market cap to $44.56 billion.
Ripple (XRP) also saw an astonishing price increase of 27.23 percent over the past 24 hours to take its market cap to $26.78 billion.
The rest of the top 10 cryptos by market cap, Cardano (ADA), Solana (SOL), and Dogecoin (DOGE) also saw their market caps pick up over the last day. At the time of writing, ADA has a market cap of $15.94 billion, SOL has a market cap of $11.65 billion, and DOGE has a market cap of $8.17 billion.
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Source: Cryptocurrency - investing.com