These Crypto Assets Are Pushing the Market Back Toward $500 Billion

The cryptocurrency markets continued to build on April's gains this week, with alternative cryptocurrencies leading the way.

Notably, the combined market capitalization of all cryptocurrencies rose back above $460 billion today - the highest level since March 6, representing a week-on-week increase of 15.8 percent.

Out of top 25 cryptocurrencies by market capitalization, 23 are reporting gains on a weekly basis, and names like nano, VeChain and bytecoin are topping the list.

Bitcoin, the world's largest cryptocurrency by market capitalization, is reporting 8.5 percent appreciation, largely due to Thursday's bull pennant breakout.

All-time high: $34.43.Closing price on April 27: $6.99.Current market price: $9.66.Rank as per market capitalization: 25.

The price rally is backed by 517 percent week-on-week rise in daily trading volumes and hence looks sustainable.

All-time high: $9.45.Closing price on April 27: $3.77.Current market price: $5.11.Rank as per market capitalization: 15.

The price rally is accompanied by a 68 percent week-on-week rise in daily trading volume, which indicates that strong hands are at play.

All-time high: $495.Closing price on April 27: $252.Current market price: $248.Rank as per market capitalization: 13.

All-time high: $12.04.Closing price on April 27: $4.3.Current market price: $4.27.Rank as per market capitalization: 21.