Cryptocurrencies are recording gains this morning, Monday, August 18, as Bitcoin is trading at levels of 47,162 thousand dollars, a rise of about 2.65, after it tested levels of 48 thousand dollars at the beginning of the session, to support the rise in the market value of cryptocurrencies to more than 2 trillion dollars.
The combined market value of digital currencies amounted to $2.09 trillion, according to the CoinGecko platform, which includes about 8,911 digital currencies, in which bitcoin constitutes 42.3 percent of the total value of digital currencies, while the share of ethereum is 18.3 percent.
The market value of Bitcoin reached 885 billion dollars, after gains of about 7.8% in the last seven trading sessions, while the market value of Ethereum rose to 382 billion dollars, trading at levels of 3,272 thousand dollars, an increase of about 3.3% today, Monday, and an increase of more than 8.5% in the last seven sessions.
Dogecoin, in turn, records increases by about 14.7%, trading at levels of $0.3381, and increases by about 38% in the last seven trading sessions, with an increase in the market value to $44 billion, as the digital currency received support from an article published by CNBC about billionaire Mark Cuban, which indicated that Dogecoin is the best currency to trade and Elon Musk commented that this is his opinion a long time ago.
On the other hand, Cardano recorded strong increases in the last seven sessions, exceeding 50%, to occupy the third place in terms of market capitalization after Bitcoin and Ethereum, with a market value of $69 billion, trading at levels of $2.16, an increase of about 2.7% today and an increase of about 51.9% in the last seven trading sessions.