The crypto markets continued to mount a recovery this week, brushing aside fears of a possible lull ahead of the Chinese New Year holiday.
At the close of the seven-day session, the total value of all cryptocurrencies is being reported at $471 billion by data source CoinMarketCap, up 22.65 percent from $384 billion seen last Friday. During this period, the market capitalization was up 39 percent from the Feb. 6 low of $276 billion.
But while headlines may be dominated by bitcoin’s move above $10,000 again, the world’s first cryptocurrency isn’t actually the biggest gainer of the week.
Despite its 13.54 percent rise in prices, other large-cap cryptocurrencies (defined as those with over $1 billion in market cap), are perhaps most contributing to what could end up being a recovery from the market’s weak January performance.
Read full article: https://www.coindesk.com/10k-bitcoin-cryptos-outperform/