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The cryptocurrency prices are higher on Wednesday, with all the major currencies showing solid gains in initial trading.
A single bitcoin,
BTCUSD, + 3.33%
the best-known cryptocurrency has reached the last $ 3,832.60, up 3% from Tuesday at 17:00. Eastern Time on the exchange of Kraken cryptocurrency.
The ample crypt rally added $ 8 billion to the total value of all cryptocurrencies in the last 24 hours.
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What analysts say
After a tumultuous 2018 for the crypto industry, Anthony Pompliano, founder and CEO of Morgan Creek Digital, said the potential for further criptar price declines means that trade pressures will increase to fit. "As prices remain depressed, cryptographic exchanges will seek opportunities for revenue growth by increasing the user base in new geographic areas and / or adding new cryptographic resources," wrote Pompliano.
"Exchanges that have not already expanded into major geographic areas are those that seek to comply with regulations, so this process will require them to spend time and money to obtain the necessary licenses and approvals in jurisdictions such as Japan, Korea, and China."
Tall and future both move higher
Altcoins, the collective group of cryptocurrencies other than bitcoin, are all traded on Wednesday. Ether,
ETHUSD, + 8.95%
rose by 8.6% to $ 149.55, Litecoin
LTCUSD, + 4.33%
gained 3.9% to $ 32.40, XRP,
XRPUSD, + 4.46%
it was 2.2% to 36 cents, and Bitcoin Cash
BCHUSD, + 3.01%
had added 3.6% to $ 164.80.
Bitcoin futures monitored spot price gains on Wednesday. The February contract for Cboe Global Markets
XBTG9, + 4.12%
it was 4.1% to $ 3.790 and the February contract of the CME group
BTCG9, + 3.99%
it was 3.9% to $ 3,775.
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