The cryptocurrency market breached the $200 billion level again on Tuesday after a sudden spike in digital currencies in early morning trading. As of 4:00 p.m. UTC, the crypto market volume was valued at $200,073,706,122.
Data from Coinmarketcap showed the recovery in Ethereum, the second largest digital currency by market cap, helped push the market uptick. Ether was trading at $211.70 after jumping 1.92% with a value of $2,057,169,171. XRP, the third biggest digital currency by market capitalization, recorded the highest gain at $0.323782 with an 18.50% rise ($12,889,440,112), its highest in 11 days.
The jump in XRP value is attributed to reports that Ripple's technological basis is undergoing a significant commercialization effort.
Bitcoin, which accounts for over 55% of the total market share, re...
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