The past seven days saw the total cryptocurrency market capitalization recover towards the $1 trillion mark after losing it in June. At the time of this writing, the market cap sits at $998 billion, according to data from CoinGecko. A large part in the above played the increase in Bitcoin's price. The cryptocurrency is up some 9% in the past week and has managed to recover above $20K. In fact, it currently trades at $21,300 for a 3% daily gain. BTC had even soared above $22K for a brief period this Friday, but the bears intercepted the move and pushed it back below to where it currently trades. The broader market also soared. Ethereum is up around 14% in the past seven days, followed by other major cryptocurrencies from the top 10. BNB is up 10%, the same as Solana. XRP and ADA are lagging behind with 3.9% and 2.2%, respectively. Bitcoin's dominance – the metric that tracks its share relative to that of the rest of the market – increased by roughly 1% during the week. This indicates that the primary cryptocurrency had it better compared to altcoins. |
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