Cryptocurrencies Market Retakes $2 Trillion Market Cap Amid Bitcoin Gains

(Bloomberg) — The total market value of cryptocurrencies rose above $2 trillion again as Bitcoin continued to climb and the likes of Cardano, XRP and Dogecoin advanced as well.

Crypto’s market value rose to $2.06 trillion on Saturday, according to CoinGecko, which tracks more than 8,800 coins. Bitcoin reached as high as $48,152, the highest level since May 16, as it showed staying power above its 200-day moving average.

It wasn’t just Bitcoin holding up the overall market advance, however. As of 1 p.m. in Hong Kong on Sunday, Cardano — now the third-ranked cryptocurrency after Bitcoin and Ether — was up 47% over the past seven days. Binance Coin gained 14%, XRP 61% and Dogecoin 18% over the same period, according to CoinGecko pricing.