Finally we see green all over the place, It has been a bullish 24 hours of trade for the cryptocurrency market in general.
With strong gains being seen across the board, the entire value of the crypto market has risen to US$270.5 billion according to CryptoProbe. This is a gain of almost 5.5% since this time yesterday.
Here is the state of play on Tuesday morning:
The Bitcoin (BTC) price has risen 3.7% over the last 24 hours to US$6,615.80 per coin, lifting the world’s largest cryptocurrency’s market capitalisation to US$113.3 billion. One leading crypto expert tipped the Bitcoin price to climb as high as US$50,000 per coin by the end of the year. This may have sparked a bit of life into the market overnight.
The Ethereum (ETH) price has surged 4.5% higher since this time yesterday to US$473.99 per token. This has increased ETH’s market capitalisation to just over US$47.6 billion.
The Ripple (XRP) price has been a big mover and stormed 5.6% higher over the period to 48.6 U.S. cents. This gain means that XRP’s market capitalisation has now rebounded to almost US$19.1 billion.
The Bitcoin Cash (BCH) price has also rebounded strongly and is up 5.3% since this time yesterday to US$777.96 per token. The Bitcoin spin off now has a market capitalisation of US$13.4 billion.
The EOS (EOS) price has been the biggest mover amongst the major coins over the last 24 hours with a massive 10.5% gain to US$8.97 per token. This has lifted the EOS market capitalisation to just over US$8 billion. Traders appear to think EOS is cheap after recent declines.
Outside the top five the gains were even stronger as traders fought to get hold off beaten down alt coins.