Why Bitcoin, Dogecoin and Other Cryptocurrencies Spiked Over the Weekend

Cryptocurrencies rose above $2 trillion over the weekend of August 13 for the first time since May. 

Bitcoin, which accounts for over half of the entire crypto market capitalization, was hugely responsible for the rise. 

Bitcoin rose over $48,000 per coin over the weekend. However, the price of other cryptocurrencies such as Ethereum, Cardano, Ripple, and Dogecoin also rose.

Dogecoin Millionaire Glauber Contessoto also took to Twitter  (TWTR) – Get Report to share his excitement. 

“Goodnight all my fellow Dogecoin holders. We had one hell of a weekend with doge and it’s only the beginning!,” he tweeted on Sunday evening.