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Bitcoin, Ethereum and Ripple higher after the analyst states that Wall Street has defined a fund

24 hours of trade have been positive for the crypto market with most of the major currencies that publish gains.

This brought the value of the entire market of 1.1% to US $ 218.4 billion according to the Coin Market Cap.

Why did the cryptography market push higher?

The market received a shift from one day to the next after one of the major cryptographic experts said that Wall Street defined a price lower than the price of Bitcoin.

Fundstrat's Tom Lee told CNBC that 54% of institutional investors surveyed believe that the price of Bitcoin has already fallen after a 70% decline from its all-time high.

With mining costs currently around $ 6,000, Lee felt it was no surprise that Bitcoin was not lowering this level further.

And when the Bitcoin interrogations reach a new high in the future, the analyst did not see any reason why this would not happen.

He pointed to the number of cryptographic portfolios open against the number of outstanding credit cards as a sign of how the cryptography market can still grow significantly in the future.

Since most cryptocurrencies increase and decrease with the price of Bitcoin, this will be good news for the market as a whole if the forecast is accurate.

How do the coins perform today?

Here is the status of the work on Friday morning compared to 24 hours ago:

The Bitcoin (BTC) the price rose 1.4% to US $ 6.574.10, bringing its market capitalization to just under $ US 113.8 billion.

The Ethereum (ETH) the price rose 1.2% to US $ 221.72. This gain increases the ETH market capitalization to $ 22.7 billion.

The Ripple (XRP) the price rose by 1% to 52.87 US cents. The popular currency alt now has a market capitalization of $ 21.1 billion.

The Bitcoin Cash (BCH) the price fell 0.15% to 513.27 USD. The spin-off of Bitcoin now has a market capitalization of US $ 8.9 billion.

The EOS (EOS) the price grew 2.5% higher at US $ 5.71. This led the EOS market capitalization to almost $ 5.2 billion.

Outside the first five things were equally positive. Stellar (XLM) rose by 1.7%, litecoin (LTC) is 1.5% higher, Cardano (ADA) pushed the 1.5% more, e Monero (XMR) increased by 0.8%. The To tie The price (USDT) was the exception with a decline of 0.4%.


Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all have the same opinions, but we are all convinced that, considering a diversified range of insights, we have become better investors. Motley Fool has a disclosure policy. This article contains only general investment advice (with AFSL 400691). Authorized by Scott Phillips.

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