uploads///Bitcoin Price and Market Capitalization

Cryptocurrency Market Capitalization Was on the Rise This Week

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Jan. 26 2018, Published 5:55 p.m. ET

Market cap

Cryptocurrencies saw a mixed day on January 25. Bitcoin and ethereum had risen about 2% and 5.5%, respectively, in the previous 24 hours as of 7:00 AM EST to $11,403 and $1,073.50, respectively. Ripple and litecoin had fallen 4% and 0.24%, respectively, in the previous 24 hours. They were at $1.33 and $181.5, respectively.

The overall market cap for all the cryptocurrencies was at $555 billion, and a $50 billion surge in the overall market cap on Wednesday resulted from the upward correction in most cryptocurrency prices. January 24 saw a double-digit percentage rise in the price of ripple, cardano, stellar, and NEO. The cryptocurrency market cap (SPX-INDEX) dropped to almost $415 billion during the last week due to the rout in most digital coins.

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Other losers and gainers

Some other major cryptocurrencies that rose during the day include bitcoin cash, cardano, stellar, and neo, which were up 1.2%, 12%, 16.2%, and 7.1%, respectively, as of 7:00 AM.

The top losers over the last 24 hours were veChain, cryptonex, SIRIN LABS token, and dentacoin, which had fallen 12%, 10.2%, 8.1%, and 6.4%, respectively, as of 7:00 AM EST. The top gainers for the day were steem, zClassic, iOStoken, and aeternity, which rose 51.2%, 42%, 41.1%, and 23.4%, respectively.

Stellar overtook litecoin on Wednesday, as it rose a whopping 25%, scoring among the top ten performers of the day. Its rally was supported by the payment processor stripe hinting that it may add support for stellar payments going forward.

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