Crypto Price Watch: Price Surges for Bitcoin, Ethereum, Bitcoin Cash, Ripple, Litecoin

At press time, the currency is trading for roughly $8,500, and the downward spiral users were witnessing last week appears to be in an ending phase.

With all major cryptocurrencies now in the green, the total market cap for the industry has grown to $378 billion.

In a recent interview with the New York Times, Carlson claimed that the company was merely introducing a method to govern individuals and enforce "Corporate-like" control through a cryptocurrency forefront, which in the long run, diminished the ideas and principles behind virtual currencies outright.

IMF head Christine Lagarde published a blog post last Monday describing the benefits of Bitcoin and blockchain technology, while Smart Valor CEO Olga Felmeier praised the currency, and aligns herself with figures like Tom Lee in her belief that the currency will again hit massive gains similar with what users saw in December 2017.

Ethereum appears to have incurred a recent breakout, with the currency jumping from its previous $537 mark to $570 at press time.

The currency has enjoyed a surge in value exceeding eight percent in just the last 24 hours, while figures like Benjamin Davis - CEO of the London Block Exchange - say that Ether trading is exploding across cryptocurrency platforms.

The currency now stands as the world's fourth-largest digital asset, with a total market cap of $18 billion.

Litecoin remains relatively neutral during other coins' bullish phases, and is presently trading for $142. Market Summary.

In conclusion, the cryptocurrency total market capitalization continues to show impressive gains this week, starting the week at a total market cap of $325.3 billion and currently sitting at a $378.47 billion, a gain of 15% in the past seven days.

Finally, CryptoSlate takes no responsibility should you lose money trading cryptocurrencies.