The total value of the cryptocurrency market hit $185.89 billion earlier today, which is its highest level since November 2018. Though the number dropped slightly to $184 billion as of press time, the five-month high marks the 10th consecutive week that there has been a steady increase in value for crypto since 2019 began.
Majority of the crypto markets experienced positive growth toward the end of the previous close for the week April 1–7. Bitcoin (BTC) and ether (ETH) experienced large rises, resulting in their market capitalizations increasing $3 billion and $1.7 billion, respectively. On the other hand, XRP only increased its total value by $200 million within 24 hours.
During the overall cryptocurrency market increase, bitcoin’s dominance rate took a slight decline to 50.6 percent at press time, down from the 52 percent seen early last week following bitcoin’s price jump.
Tron’s (TRX) total value rose more than $350 million during the week beginning April 1, while Stellar (XLM) and Verge (XVG) rose by $400 million and $50 million, respectively.