$70 billion added to the crypto market in under 30 minutes

Cryptocurrencies are having an explosive start this month, with $70 billion added to the overall crypto market capitalization in under 30 minutes on Wednesday, October 1. More precisely, the total value was sat at $3.87 trillion at around 10:25 AM CET (8:25 AM UTC), only to go up to $3.94 trillion at approximately 10:55 AM CET (8:55 AM UTC). Shortly after, the figure climbed even further, hovering around $3.95 trillion market cap at press time, according to TradingView data retrieved by Finbold. Total crypto market cap. Source: TradingView This marks an approximately $100 billion or 2.5% increase already in ‘Uptober’ from yesterday’s levels, which were around $3.85 trillion. Among the strongest gainers today in terms of market cap was the privacy coin Zcash ( ZEC ), which went from the 72nd to the 65th largest crypto in less than 24 hours, being up 40% on the daily chart. Featured image via Shutterstock The post $70 billion added to the crypto market in under 30 minutes appeared first on Finbold .