August has been an exciting calendar month for the cryptocurrency markets. After successfully weathering the Bitcoin Cash difficult fork, the bitcoin cost has soared to a record-setting $3,375. The Ethereum cost is every bit good moving inwards the correct administration next a sluggish July. These 2 factors accept combined to elevator the amount crypto marketplace seat cap to a novel record.
Chart from CoinMarketCap
As July ended in addition to the UAHF approached, the amount value of all cryptocurrencies sat below $90 billion. Since then, the crypto marketplace seat cap has exploded to a novel record. At present, the amount crypto marketplace seat cap is $117.8 billion.
The Total Crypto Market Cap Is Approaching $118 Billion.
Remarkably, both bitcoin in addition to ethereum boast marketplace seat caps larger than the entire crypto marketplace seat cap was before this year.
Bitcoin Price Soars to Record Highs
Since the get-go of August, the bitcoin cost has defied marketplace seat dubiety to climb past times to a greater extent than than 20%. Over the weekend, the bitcoin cost pierced the $3,200 score to set a novel record. It continued this advance on Monday, rising to a novel high of $3,375. Could nosotros presently encounter the fulfillment of Max Keiser’s prediction that $5,000 is “in sight?” 
Bitcoin Price Chart from CoinMarketCap
Bitcoin directly has a marketplace seat cap of $55.7 billion, which is larger than the amount crypto marketplace seat cap was at the get-go of May.
Ethereum Price Tops $270
Bitcoin’s gain has non come upward at the expense of ethereum. The ethereum cost has every bit good experienced a rapid climb during the early on days of August, increasing 36% inwards the past times calendar week alone. On July 31, the ethereum cost sat below $200. Today, on August 7, it has grown to $271.
Ethereum Price Chart from CoinMarketCap
Ethereum directly has a marketplace seat cap of $25.4 billion, which is larger than the entire crypto marketplace seat cap was inwards belatedly March.
Bitcoin Cash Price Languishes Below $300
Bitcoin cash rapidly rose to $700 next its creation on August 1. As many traders expected, the bitcoin cash cost crashed when exchanges began enabling BCH deposits in addition to withdrawals. Some people saw this as proof that bitcoin cash is “a line of piece of job solid of cards,” piece proponents of the forked money scrap such volatility should endure expected during its early on days. 
Bitcoin Cash Price Chart from CoinMarketCap
After plummeting 70%, bitcoin cash reached a cost flooring of nearly $200 in addition to experienced steady back upward for that level. In the past times day, the bitcoin cash cost has begun to interruption out of its slump. It has risen 31% to a electrical flow value of $271 in addition to a marketplace seat cap of $4.5 billion but continues to languish below $300. Bitcoin cash currently sits at 4th inwards the marketplace seat cap rankings.
NEM Passes Litecoin for fifth Place
Nearly every altcoin has reaped gains from bitcoin’s record-setting advance. The Ripple cost rose 9% this week, placing it inside striking distance of a $7 billion marketplace seat cap.
Altcoin Price Chart from CoinMarketCap
The NEM cost rose an incredible 69% to $0.276 in addition to a $2.5 billion marketplace seat cap. This enabled NEM to boot litecoin – which rose 11% to $46 – out of the marketplace seat cap overstep 5.
NEM Price Chart from CoinMarketCap
The ethereum classic cost saw a 7-day gain of 11%, piece the Dash cost returned 10%. IOTA in addition to NEO both posted jaw-dropping climbs. The IOTA cost rose 87% for the calendar week to $0.476 next a major announcement, piece the NEO cost soared 161% to $19 in addition to the tenth location inwards the marketplace seat cap rankings. Bitcoin Cements Its Hold on the Market
The terminal fourth dimension the crypto markets stretched past times $115 billion, bitcoin’s part vicious every bit depression every bit 37%. This sparked speculation that ethereum would presently evict bitcoin from the overstep location inwards rankings. Now – 2 months later on – the markets accept over again reached a record-high, but bitcoin sits inwards a much to a greater extent than favorable position.
Chart from CoinMarketCap
Bitcoin currently boasts a 47.4% marketplace seat share, piece ethereum’s is 21.5%. Ripple’s part has tapered to 5.9%, piece bitcoin cash’s (not pictured) has dipped to nearly 4%.
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