Cryptocurrency market update: Bitcoin comes close to $9,000

Cryptocurrency market rallied strongly during late Sunday hours and extended the upside on Monday. The total capitalization of all digital assets in circulation jumped to $269 billion, while an average daily trading volume hit $90 billion by the time of writing. 

As the signs of the upcoming mass adoption pile up, the market is more inclined to buy a cryptocurrency and embrace the digital future of money.

"Easier to spend means a greater-use case and a greater level of adoption. The tipping point is likely very close now," Mati Greenspan from eToro commented, as cited by Bloomberg.

Top-3 coins price overview

• Bitcoin is changing hands at $8,740, off the intraday high hit at $8,944.  The first digital coin has gained nearly 8% in recent 24 hours amid keen buying interest. While the coin is vulnerable to the downside correction on approach to critical $9,000, a sustainable move higher will unleash a vast bullish potential.
• Ethereum, the second largest digital asset with the current market capitalization of $28.4 billion, is trading at $268. ETH/USD has gained 7.5% in the recent 24 hours. The price tested waters above $272.00 barrier during early Asian hours but failed to keep the ground.
• Ripple's XRP is hovering above $0.4100, with over 7% of gains since this time on Sunday.  The coin has retreated from the Asian high of $0.42 amid technical correction.

The biggest market-movers

• TRON (TRZ) and Bitcoin SV (BSV) both gained over 18% in recent 24 hours and became the fastest growing coins out of top-20. TRX is chow changing hands at $0.0327, while one BSV goes for $107.27.
• Litecoin is also doing a week with 11% of gains on a day-on-day basis.