© Reuters. Crypto market cap sets new all-time high even as Bitcoin trades sideways© Reuters. Crypto market cap sets new all-time high even as Bitcoin trades sideways

Investing.com – The collective market cap for the cryptocurrency asset class set a fresh all-time high on Tuesday, rising above $161 billion for the first time, even as bitcoin, the largest asset in the market, continued to trade sideways.

On the U.S.-based Bitfinex exchange, touched a low of $4,336.7 and was at $4,360.3 by 06:50 AM ET (10:50 GMT) having opened at $4,415.00.

Since setting an all-time high of $4,489.1 on Aug.17, prices dropped back below the $4,000 level before regaining ground to hover in the $4,400 range.

The digital currency has quadrupled in value this year and at current prices bitcoin has a market cap of about $72 billion.

Meanwhile, the price of the new bitcoin offshoot, was lower. It touched a low of $578.01 and was last at $578.88, having opened at $590.70.

It rose to a high of $935.50 on August 19, the strongest level since the split or so-called ‘hard fork’ on August 1 when the blockchain supporting bitcoin split into two, creating bitcoin cash.

At current prices, bitcoin cash has a total market capitalization of around $9 billion, making it the third most valuable cryptocurrency.

Elsewhere in cryptocurrency trading, , the second biggest cryptocurrency by market cap after bitcoin, was up 5.86% to $364.11.

Meanwhile, edged lower, dipping 0.63% to $62.53, not far from the record high of $64.82 set on Monday.

To stay on top of the latest moves in the crypto-space, be sure to check out: https://www.investing.com/crypto/

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