Crypto Markets Continue Rise With Market Cap Reaching Over $220 Billion

Thursday, September 27: crypto markets continue to rise as the crypto and blockchain industry is seeing some support from governmental and institutional entities.

Following a sell-off that started on September 24, crypto markets are seeing the second day of a rebound, with daily trade volume now amounting to more than $16 billion.

All but two top 20 cryptocurrencies by market capitalization have seen firm growth over the past 24 hours, following a slight price stagnation within the day and surging sharply within the past few hours.

Bitcoin is up around 2.82 percent over 24 hours period, and trading at $6,679 at press time.

According to Cointelegraph Ethereum Price Index, the altcoin is up more than 6 percent over the past 24 hours at press time, and over 2 percent on the week.

The third top cryptocurrency, Ripple, is up 3.98 percent over the 24 hour period, and is trading at $0.54 at press time.

Crypto markets have seen a sharp rebound with total market cap bouncing back above $220 billion within just a few hours.

At press time, total crypto market capitalization is $224 billion, with an intraday low of $212.9 billion.

While total market capitalization continues to grow, Bitcoin's dominance in the markets has declined slightly, seeing a decrease from over 53 percent of market share a week ago to 51.8 at press time.

Litecoin and Bitcoin Cash are seeing the biggest gains over the past 24 hours among the top 20 cryptocurrencies by market cap.