Cryptocurrencies hit 5-month high as total market capitalization reaches $186 billion

The crypto market seems to be resurrected from the bearish trend over the past year as cryptos are marking the tenth consecutive week of gains. The highest point in total market capitalization since the downfall from late 2018 was in November last year when cryptos were valued at over $229 billion.

The major lift is primarily because of Bitcoin gaining strength in numbers, giving the entire crypto sector an uplifting momentum.

The industry leader, Bitcoin, and its runner-up, Ethereum, have seen large gains in the past 24 hours, increasing their market cap with $3 billion and $1,7 billion respectively. Bitcoin is up 1,39% and is $5,143 as of press time, while Ethereum broke the $180 barrier and made almost 7% increase in its price.

The #2 in Cryptobrowser.io’s market cap rank, Ripple (XRP) gained slightly less than its competitors, marking a $200 million gain in its market capitalization.

Other altcoins, however, experienced major gains – TRON (TRX), Stellar (XLM) and NANO are all in the green, while NANO is one of the biggest gainers with over 16% price increase over the past 24 hours. TRON raised its value with over $350 million, followed by Stellar (XLM) with $340 million.

Despite the gains, the total crypto market is still calm, with no significant volatility, as the crisis from December 2018.