Via CoinMarketCap <\/p>\n
The combined value of all publicly traded cryptocurrencies has set a new record, surpassing $150 billion for the first time today. <\/p>\n
At press time, the value of ether, bitcoin and more than 800 other blockchain-based assets had reached a high of around $154 billion, according to CoinMarketCap. <\/p>\n
Overall, the figure indicates that the cryptocurrency market continues to grow at a steady pace. At $154 billion, the market is up 13 percent over the last seven days, 67 percentover the last month and an astounding 1,240 percent year-over-year. <\/p>\n
What might be most notable, however, is that the new high came during a trading session in which there were no individual all-time highs for major cryptocurrencies. <\/p>\n
At $4,275 and $324, bitcoin and ether were edging up at press time,though still short of their highs above $4,500 and $400, respectively. Further, the new combined recordcame in spite of the fact there were no big gains in litecoin, monero or dash, some of the more popular alternative cryptocurrencies among traders. <\/p>\n
The lone breakout, in fact, was Ripple's XRP token a cryptographic asset issued by a San Francisco startup seeking to build enterprise blockchain solutions. On the day's trading, XRP was up more than 50% to $0.28, a movement that built on impressive gains yesterday as well. <\/p>\n
Disclosure:CoinDesk is a subsidiary of Digital Currency Group, which has an ownership stake in Ripple. <\/p>\n
Mountain peakimage via Shutterstock <\/p>\n
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