Bitcoin flat while ethereum, dogecoin, Litecoin rise
Bitcoin's market cap was at $1,231.951 billion or 43.00% of the total crypto currency market cap, while Ethereum's market cap totalled $567.933 billion or 19.82% of the total cryptocurrency market value
World's largest crypto currency Bitcoin was trading flat today. The price of Bitcoin increased 0.22% to $64,791 on Coinmarketcap.
Bitcoin's market cap was last at $1,231.951 billion or 43.00% of the total crypto currency market cap, while ethereum's market cap totalled $567.933 billion or 19.82% of the total crypto currency market value.
Currently, the global crypto market cap stands at $2.84 trillion, an increase of 0.31%. Other crypto currencies were trading mixed today.
Ethereum gained 2.07% to $4,744 and Dogecoin was trading 0.85% higher at $0.2622. Digital token Stellar was flat at $0.3858 but Litecoin added 7.13% to $274.11.
XRP dropped 1.02% to $1.21 and Uniswap shed 1.07% to $25.28. Of late, crypto prices have risen on the back of comments from billionaire Elon Musk and Ark Investment Management LLC's Cathie Wood.
The move upwards pushed Litecoin's market cap up to $19.322 billion, or 0.67% of the total crypto currency market cap. At its highest, Litecoin's market cap was $25.609 billion.
Litecoin had traded in a range of $261.500 to $282.600 in the previous twenty-four hours.
Over the past seven days, Litecoin has seen a rise in value, as it gained 38.74%. The volume of Litecoin traded in the twenty-four hours to time of writing was $4.264 billion or 3.38% of the total volume of all crypto currencies. It has traded in a range of $191.2000 to $295.1000 in the past 7 days.
At its current price, Litecoin is still down 32.86% from its all-time high of $420.00 set on Tuesday, December 12, 2017.
Litecoin is one of the best-performing crypto currencies this year, up 470%, trailing only ether (up 570%) but ahead of bitcoin (up 130%). Litecoin has been popular among retail investors and companies due to its lower energy consumption, lower transaction fees, and faster network performance. Altcoins have seen a surge in popularity this year as investors seek out less expensive alternatives to bitcoin.