$126 Billion: The Cryptocurrency Market Just Set a New All-Time High
The total value of all cryptocurrencies set a new all-time high today, rising above $126 billion for the first time in history, according to data from CoinMarketCap.
During that time, the total value of its coin supply also rose, climbing in value to $57 billion from $47 billion a week ago.
Strong gains have also been seen in the top-10 cryptocurrencies by market cap.
Neo (formerly Antshares), a well-publicized project out of China saw its market capitalization pass $1 billion for the first time. Over the past seven days, it has seen its market capitalization rise to $1.7 billion, up from $550 million, as its price per coin climbed to $34, up from roughly $10 seven days ago.
Elsewhere, IOTA also rose to $1.7 billion, up from $1.1 billion, while ether, the native cryptocurrency on the ethereum blockchain, increased its total market cap to $28 billion, up from $21 billion a week ago.
But that’s not to say all cryptocurrencies have seen such big movements during the period.
Bitcoin cash, the cryptocurrency created in last week’s bitcoin fork, added little new value to its market, inching up to $5.4 billion, from $5.1 billion a week ago.
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