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It has been the 24 hours of stunned trade for the crypto market and substantial gains have been seen across the board. In fact, only two coins in the top 100 are in the negative territory this morning.
This brought the entire market value to grow by a considerable 6.2% in the period up to 232.4 billion dollars according to Coin Market Cap. [19659003] The brief interest in Bitcoin futures and the favorable conditions of technical analysis appear to have been the catalyst for these gains. According to Bloomberg, the price of Bitcoin rose for a fourth consecutive day and exceeded the 50-day average. This has some traders who believe that the momentum will bring the currency and its peers higher in the coming days.
Here is the status of the games on Wednesday morning:
The price Bitcoin (BTC) jumped 5.1% in the last 24 hours to $ 7,097.63 USD per currency, increasing market capitalization of the world's largest cryptocurrency for $ 122.35 billion.
The price of Ethereum (ETH) increased by 5.9% from yesterday to today US $ 294.48 per token, bringing the market capitalization ETH to just over US $ 29.9 billions
The price Ripple (XRP) rose 6.7% in the period to 35.19 cents of USD, raising the market capitalization XRP to just over $ 13.9 billion.
The price of Bitcoin Cash (BCH) has increased by 6.6% more in the last 24 hours to $ 564.99 USD. This means that the Bitcoin spin-off now has a market capitalization of just under $ 9.8 billion.
The price EOS (EOS) was the strongest among the major currencies of the period with a jump of 12.8% to $ 5.86. This strong gain led its market capitalization to $ 5.3 billion.
Out of the top five, earnings were just as strong in the last 24 hours. Price Stellar (XLM) rose by 6.4%, Litecoin (LTC) rose by 8.3%, Cardano (ADA) rose of 7.9% and IOTA (MIOTA) reached a staggering 26.7%. This last hour has increased by almost 50% since this time last week.
The only currency in the top ten (or the top 90 for that matter) is the US dollar Tether (USD) which is down 0.1%.
Motley Fool contributor James Mickleboro has no position in any of the titles 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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