The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today.
At press time, the value of ether, bitcoin and more than 800 other blockchain-based assets had reached a high of around $154 billion, according to CoinMarketCap.
Overall, the figure indicates that the cryptocurrency market continues to grow at a steady pace. At $154 billion, the market is up 13 percent over the last seven days, 67 percent over the last month and an astounding 1,240 percent year-over-year.
What might be most notable, however, is that the new high came during a trading session in which there were no individual all-time highs for major cryptocurrencies.
At $4,275 and $324, bitcoin and ether were edging up at press time, though still short of their highs above $4,500 and $400, respectively. Further, the new combined record came in spite of the fact there were no big gains in litecoin, monero or dash, some of the more popular alternative cryptocurrencies among traders.
The lone breakout, in fact, was Ripple’s XRP token – a cryptographic asset issued by a San Francisco startup seeking to build enterprise blockchain solutions. On the day’s trading, XRP was up more than 50% to $0.28, a movement that built on impressive gains yesterday as well.
Disclosure: CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple.
Mountain peak image via Shutterstock
The leader in blockchain news, CoinDesk is an independent media outlet that strives for the highest journalistic standards and abides by a strict set of editorial policies. Have breaking news or a story tip to send to our journalists? Contact us at [email protected].