The cryptocurrency market has achieved a historic milestone, surpassing its previous peak with a total market capitalization of approximately $661.2 billion**. This marks an **$8 billion increase from the December 2017 high when Bitcoin traded near $20,000.
Bitcoin Shows Signs of Recovery
After a period of significant decline, Bitcoin’s price has stabilized in the past 24 hours, rising from $13,360.10** to **$15,014.40. This rebound followed reports that Founders Fund, co-founded by billionaire Peter Thiel, invested $15–20 million in Bitcoin.
Key Bitcoin metrics:
- Market cap: $234.52 billion
- Price recovery: From $12,000 to $15,014.40
- Market share drop: From 66% (December) to 35.9%
👉 Will Bitcoin regain dominance?
Top Performers: Ethereum & Ripple
The market cap surge is driven by Ethereum and Ripple, which have outpaced Bitcoin in recent weeks.
Ripple (XRP)
- Price: $2.41 (+8.4%)
- Market cap: $93.22 billion
- Market share: 14.2%
Recent growth stems from partnerships with Japanese credit card companies to explore blockchain-based payment solutions.
Ethereum (ETH)
- Price: $896.85 (+17.16%)
- Market cap: $86.7 billion
- Market share: 13.24%
The Casper update—a scalability improvement—fueled this rally. Ethereum aims to rival Visa’s transaction speed decentralized and cost-effectively.
Other Notable Movements
- Bitcoin Cash (BCH): Up 17.7%, trading at $2,800.
- Stellar (XLM): Gained 27% due to IBM/Deloitte collaborations.
| Cryptocurrency | Price Change | Market Cap |
|---------------|-------------|------------|
| Bitcoin | +12.4% | $234.52B |
| Ripple | +8.4% | $93.22B |
| Ethereum | +17.16% | $86.7B |
FAQs
1. What caused Bitcoin’s price rebound?
The Founders Fund investment and reduced sell-off pressure contributed to the recovery.
2. Why is Ripple growing?
Banking partnerships and real-world use cases for XRP in cross-border payments.
3. How does Ethereum’s Casper update help?
It addresses scalability, making transactions faster and cheaper.
👉 Explore crypto market trends
Investment Disclaimer
Cryptocurrency investments are highly speculative. Consult a financial advisor before making decisions. The author holds crypto assets.
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