$70 billion added to the crypto market in under 30 minutes

2 weeks ago 7312

Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1.

More precisely, the total value sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM CET (8:55 AM UTC).

Shortly after, the number went further up, hovering around $3.95 trillion at press time, according to TradingView data retrieved by Finbold.

This marks an approximately $100 billion or 2.5% increase from yesterday’s levels, which closed at more or less $3.85 trillion.

Among the strongest gainers today in terms of market cap was the privacy coin Zcash (ZEC), which went from the 72nd to the 65th largest crypto in less than 24 hours, being up 40% on the daily chart.

Featured image via Shutterstock

The post $70 billion added to the crypto market in under 30 minutes appeared first on Finbold.

Read Entire Article