{"id":286503,"date":"2021-04-06T08:41:24","date_gmt":"2021-04-06T12:41:24","guid":{"rendered":"https:\/\/insidebitcoins.com\/?p=286503"},"modified":"2021-04-06T08:41:24","modified_gmt":"2021-04-06T12:41:24","slug":"xrp-reaching-1-price-amid-crypto-space-reaching-2-trillion-market-cap","status":"publish","type":"post","link":"https:\/\/insidebitcoins.com\/news\/xrp-reaching-1-price-amid-crypto-space-reaching-2-trillion-market-cap","title":{"rendered":"XRP Reaching $1 Price Amid Crypto Space Reaching $2 Trillion Market Cap"},"content":{"rendered":"

On Monday, the entire crypto-economy managed to achieve a $2 trillion market cap, primarily thanks to the altcoin space seeing an overall rally. One of the biggest performers within the crypto space is undoubtedly XRP<\/a>. The cryptocurrency managed to skyrocket in value by almost 60% within the past seven days.<\/p>\n

Bitcoin Holding More Than Half Of Crypto Market Cap<\/h2>\n

Coinmarketcap, a heavyweight crypto data provider, has recently revealed on the 5th of April, 2021, that the cryptocurrency space saw a total market capitalization of $2 trillion. This stands as the highest the crypto space has ever been on record. Another massive win for XRP is the fact that its latest rally saw it go past the $0.93 mark, which stands as XRP\u2019s highest price level since May of 2018.<\/p>\n

As it stands now, the entire crypto space’s market cap stands at around $1.98 trillion, with Bitcoin<\/a> consisting of more than half of it at over $1.1 trillion. XRP, in particular, now stands as the 4th largest cryptocurrency by market cap, boasting a price of $0.9958 and a market cap of $44.79 billion, beating out Tether and Polkadot in their spectacular climb.<\/p>\n

\"DeFi<\/a><\/p>\n

ETH And XRP Seeing Great Gains<\/h2>\n

As for Ethereum<\/a>, the second-largest cryptocurrency in the world, the asset managed to reach a new all-time high of $2,150 yesterday. This occurred thanks to a significant surge in demand by both institutional and retail clients. One of the leading digital asset managers out there, Grayscale<\/a>, has recently highlighted how Ethereum-related investment products see an increase in institutional interest levels. As it stands now, Grayscale, in particular, boasts around 3.1 million Ether under management, which is worth around $6.5 billion in total.<\/p>\n

As for XRP, the asset had seen a spectacular rise since the start of last week, when the cryptocurrency jumped past the $0.93 mark from $0.55 within the past seven days. It seems that the cryptocurrency is edging ever closer to that $1 price tag, having reached $0.99 just a bit earlier.<\/p>\n

Another Bullish Cycle For Crypto<\/h2>\n

XRP and ETH aren\u2019t the only assets to see big gains, however. Binance Coin<\/a> has recently seen itself push past the $60 billion market cap quite recently, having jumped close to 25% within the last week itself. As it stands now, BNB is trading hands at around $400 and boasting a $61.1 billion market cap.<\/p>\n

Time will tell whether these cryptocurrencies<\/a> will be capable of maintaining this level of price increases or if another \u201chealthy correction\u201d is looming just over the horizon.<\/p>\n","protected":false},"excerpt":{"rendered":"

On Monday, the entire crypto-economy managed to achieve a $2 trillion market cap, primarily thanks to the altcoin space seeing an overall rally. 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