Cryptocurrency prices have improved a great deal over the last seven days and many digital assets saw a significant spike in value on April 2. The entire market capitalization of all 2,000-odd coins is steadily approaching $200 billion. The market forerunner so far is bitcoin cash (BCH), which is up well over 45% in the last 24 hours.

Crypto Economy Nears $200 Billion

Digital currency fans are far more optimistic this week since many cryptocurrencies gained between 10-60% in the last two days. The overall cryptocurrency valuation of the economy today is $174 billion at the time of publication. Moreover, global trade volume has increased fivefold ($77 billion) over the last three weeks, which means people are swapping a lot more coins these days. Bitcoin core (BTC) markets show BTC is trading for $5,022 with a market cap of around $88.4 billion today.

The cryptocurrency is up 5.4% over the last 24 hours and BTC is also up 23% for the week. This is followed by ethereum (ETH) markets, where each ETH is swapping for $170 per coin this Wednesday. The third highest market valuation belongs to ripple (XRP) which is trading for $0.36 per token. Litecoin (LTC) still holds the fourth position and each coin is $85 per LTC at press time.