Bitcoin traded up to US$49,000 on Sunday whilst Ethereum moved back above US$3,000 in weekend trading.
Bitcoin is trading close to US$48,000 in Monday morning’s deals after a surge of buying activity over the weekend, which leaves the cryptocurrency back-on-track after the late September round of China related FUD (fear, uncertainty and dread).
The Bitcoin price rally peaked at around US$49,000 on Sunday and. at US$47,882 this morning, BTC is up some 9.34% over the past seven days – with most of the gains coming in the past 48 hours.
Ethereum has similarly risen, and, is now changing hands at US$3,379 after seeing a recent low of US$2,800 on Wednesday.
The Cardano ADA crypto has meanwhile remains somewhat subdued at US$2.19 (US$70.3bn) which has seen it leapfrogged this morning by Binance Coin (US$71bn) which is now rated as a the ‘number 3’ crypto by market capitalisation.
Solana and the Ripple XRP crypto are up 22% and 7.8% respectively for the past week, worth US$50.4bn and US$48.6bn respectively they are presently the sixth and seventh most valuable cryptocurrencies.
Terra (LUNA), a smaller alt-coin, saw a price breakout from its US$37.52 low on Saturday to move above US$46 on Sunday, and is this morning priced at US$46.74 to give it a total market cap of US$18.7bn.
The Shia Inu meme-coin raced to a weekend gain of around 13% (its now worth US$3.3bn versus Dogecoin, which at 21.6 cents is marked at cUS$28.4bn).
On Monday morning the global crypto market is worth some US$2.12 trillion, according to CoinMarketCap.com.