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Aug. 21, 2020
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On Friday, August 21, bitcoin continues its growth above the $11,800 mark. At press time, the largest cryptocurrency by market cap is trading at $11,840 (+1.07%).

Bitcoin Exceeds $11,800

Chart of the USD/BTC trading pair from EXANTE

For its part, Ethereum has also grown up to $415.02 (+2.10%). XRP surged by 1.92% and now is trading at $0.292.

Access more than 50 of the world's financial markets directly from your EXANTE account – including NASDAQ, London Stock Exchange and Tokyo Stock Exchange.

FxPro's team of analysts say:

"While bitcoin is the leader in terms of capitalization, it is not in terms of price. The (YFI) coin has outstripped bitcoin in value and is now trading for $14,000, reaching $16,000 over the past day at some point."

The total cryptocurrency market capitalization is $374 billion, according to CoinMarketCap.

Meanwhile, the largest stablecoin by market cap, tether (USDT), is also the most popular stablecoin in East Asia, making up 93% of all stablecoin value transferred by addresses in the region.

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As a result of such spike in popularity, USDT even surpassed bitcoin to be the most-received digital asset in June 2020.

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