CryptoPotato
CryptoPotato
  • Crypto News
  • Margin Trading
  • Guides
    • Bitcoin & Crypto Guides 101
    • Bitcoin For Beginners
    • Editorials
  • DeFi & NFT
  • Buy
  • Language
  • Crypto News
  • Bitcoin For Beginners
  • Cryptocurrency Guides 101
  • Editorials
  • Bitcoin & Crypto Margin Trading
  • DeFi & NFT News
  • Bitcoin Price Analysis
  • CryptoPotato Crypto Fund
  • Ethereum (ETH) Price Analysis
  • Ripple (XRP) Price Analysis
  • Market Updates
  • Interviews
  • Buy Bitcoin with Card
  • bitcoin
    BTC$22,987.00
  • ethereum
    ETH$1,581.51
    • Market Updates
    • BTC Analysis
    • ETH Analysis
    • XRP Analysis
    • Interviews
    • Opinions
    CryptoPotato
    CryptoPotato
    • Crypto News
    • Margin Trading
    • Guides
      • Bitcoin & Crypto Guides 101
      • Bitcoin For Beginners
      • Editorials
    • DeFi & NFT
    • Buy
    • Language
    • Crypto News
    • Bitcoin For Beginners
    • Cryptocurrency Guides 101
    • Editorials
    • Bitcoin & Crypto Margin Trading
    • DeFi & NFT News
    • Bitcoin Price Analysis
    • CryptoPotato Crypto Fund
    • Ethereum (ETH) Price Analysis
    • Ripple (XRP) Price Analysis
    • Market Updates
    • Interviews
    • Buy Bitcoin with Card
    Home » Market Updates » Crypto Market Cap Adds $100B as Bitcoin Surges Past $40,000 (Market Watch)

    Crypto Market Cap Adds $100B as Bitcoin Surges Past $40,000 (Market Watch)

    Author: Jordan Lyanchev

    Last Updated Aug 8, 2021 @ 10:31

    The cryptocurrency market cap has increased by $100B in a day to nearly $1.7 trillion, as bitcoin skyrocketed above $40,000.

    After a few days of dabbling beneath the $40,000 mark, bitcoin has initiated a leg up, resulting in blasting above that level. Most altcoins are also in the green, with UNI surging more than 7%, and the crypto market cap has added more than $100 billion since yesterday’s low.

    Bitcoin Reclaims $40K

    The start of the work week didn’t go all that well for the primary cryptocurrency, which was gradually decreasing in value. It dropped to $37,200 on August 5th, which became a weekly low.

    However, the situation has changed since then, and BTC is well in the green on a 24-hour scale. The cryptocurrency went on a tear, broke above $40,000, and went to a high of $41,400.

    After it added more than $4,000 of value in hours, though, it retraced slightly and currently stands just beneath $41,000. Nevertheless, bitcoin is still more than 5% up in a day, and its market capitalization has risen to over $760 billion.

    Moreover, BTC’s market dominance, the metric comparing bitcoin’s market cap with the rest of the altcoins, has increased by roughly 1% in a day to 46%.

    Alicia Bakery
    CMO - A really good agency

    Did you like this market update?
    This is all you need not to miss any price action in the raging crypto markets. Start receiving this recap, for free, every day:

    Invalid email address
    Your privacy is guranteed.
    Thanks for subscribing, you will get your first report in the next hours!
    BTCUSD. Source: TradingView
    BTCUSD. Source: TradingView

    ETH Surpassed $2.8K as UNI Surges 7%

    The alternative coins have also enjoyed the past 24 hours, with Ethereum leading the pack. The network behind the second-largest cryptocurrency went through its long-anticipated London Hard Fork yesterday, and the price of the asset reacted well.

    After dumping to $2,550, ETH spiked hard and added approximately $300 of value. As a result, it went as high as $2,850 (on Bitstamp) and marked a new two-month high. As of now, it has lost some steam and trades just below $2,800.

    Uniswap is another impressive gainer with a 7.5% increase to just under $25. Aside from Chainlink, which has stalled, the rest of the larger-cap alts are also in the green.

    This includes Binance Coin (2%), Cardano (1%), Ripple (2%), Dogecoin (2%), Bitcoin Cash (2%), and Litecoin (4.5%).

    Cryptocurrency Market Overview. Source: Quantify Crypto
    Cryptocurrency Market Overview. Source: Quantify Crypto

    THETA has surged the most from the top 100 tokens with an 18% increase. Consequently, it trades above $7. Fantom (13%), OKB (12%), Voyager Token (11%), Ravencoin (10%), and Maker (10%) follow suit.

    Ultimately, the cumulative market capitalization of all cryptocurrency assets has increased by approximately $100 billion since yesterday’s low to close to $1.7 trillion.

    SPECIAL OFFER (Sponsored)
    Binance Free $100 (Exclusive): Use this link to register and receive $100 free and 10% off fees on Binance Futures first month (terms).

    PrimeXBT Special Offer: Use this link to register & enter POTATO50 code to receive up to $7,000 on your deposits.


    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. See Disclaimer for more information.

    Cryptocurrency charts by TradingView.
    Tags: Bitcoin (BTC) Price
    Enjoy reading? Share with your friends
    Facebook Twitter LinkedIn Telegram

    About The Author

    Jordan Lyanchev
    More posts by this author

    Jordan got into crypto in 2016 by trading and investing. He began writing about blockchain technology in 2017. He has managed numerous crypto-related projects and is passionate about all things blockchain. Contact Jordan: LinkedIn

  • bitcoin
    BTC$22,987.00
  • ethereum
    ETH$1,581.51
  • Join Our Community

    FacebookTwitter YouTubeTelegram


    Editorials
    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    How Long Will the Ethereum LSD Narrative Last? Talking 2023 Trends with Nansen’s Martin Lee

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    Everything That’s Going on With Pi Network: From Start to Latest Controversial Listing

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    What is Ethereum Liquid Staking and Why It Is Crucial As Shanghai Upgrade Approaches?

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    The Lesson in Alameda-FTX About Government Regulation and Crypto (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    5 Bullish and 2 Bearish Cases for DeFi Going Into 2023 (Opinion)

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    From Google and Microsoft to Binance: Interview with Head of Product Mayur Kamat

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    13 Biggest Crypto Scandals and Controversial Stories of 2022

    Footer Logo
    About
    Advertise on CryptoPotato
    About Us | Contact Us | Careers
    Editorial Policy
    Terms of service | Privacy Policy | GDPR
    More Sections
    IEO List | Evaluations
    Airdrops
    Scholarship
    Disclaimer
    Disclaimer: Information found on CryptoPotato is those of writers quoted. It does not represent the opinions of CryptoPotato on whether to buy, sell, or hold any investments. You are advised to conduct your own research before making any investment decisions. Use provided information at your own risk. Full disclaimer
    © Copyright CryptoPotato 2016 - 2021
    Scroll to top