Cryptocurrency Catch Up: Here's Why Prices Spiked Over the Weekend

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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 Twitter, Inc. 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.

Related: Dogecoin's First Millionaire Explains Crypto Slang for Newbies

Dogecoin has lost significant value ever since it spiked around 70 cents per coin in May. Currently, the price of Dogecoin is hovering around 33 cents per coin.

Related: Elon Musk, Twitter, and Cryptocurrency - The Musk Effect

Interestingly, the rise in cryptocurrencies over the weekend also coincided with a job posting from Walmart  (WMT) - Get Walmart Inc. Report

On Sunday, the retail giant posted an advertisement for the position of “Digital Currency & Product Lead.”

"As an expert in Digital Currencies/Cryptocurrency and Blockchain related technologies, you will drive the vision for the product and capabilities roadmap. You will provide the leadership to identify technology and customer trends and the investments needed to build on those trends," the job posting read.

Back in July, Bitcoin's price surged when Amazon  (AMZN) - Get Amazon.com, Inc. Report also posted a job opening for “Digital Currency & Blockchain Product Lead.”

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