Digital asset markets jumped in value over the last 24 hours as most cryptocurrencies have gained 8-13%. Since our last markets update the entire cryptoconomy has increased by $33 billion and this Sunday bitcoin cash (BCH) lead the top ten pack once again with a 12.9% gain in the last day.
Also Read: Putting an End to the Bitcoin Store of Value Fallacy
Top Crypto Markets Gain 8-13%
Just two days ago short positions and crypto bears managed to scale back the prices of many coins. During the start of the weekend, however, prices managed to start climbing again and many digital assets regained some losses. On May 19 the trend changed for the better and a large portion of digital currencies started to break out and gather some decent gains. This Sunday, bitcoin core (BTC) is just below the $8K zone with an average price of around $7,908 per coin. BTC has gained 7.8% over the last day and around 10.4% over the last seven days.
The second largest market cap still belongs to ethereum (ETH) and its markets are up by…