Bitcoin Price Rally Raises Crypto Market Cap to $205 Billion

The crypto market cap rose to yet another all-time high on Wednesday on the heels of a 6% bitcoin price rally that carried the value of the flagship cryptocurrency back across the $7,500 threshold. Altcoins, likewise, posted a near-universal advance, despite concerns stemming from another vulnerability discovered in Parity’s multi-signature wallet for ethereum platform tokens.

Against this backdrop, the combined value of all cryptocurrencies rose by approximately $10 billion, from $195 billion on Tuesday to a present value of $205 billion. This represents a new all-time record for the crypto market cap.