The Motley Fool

Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin surge higher

The cryptocurrency market has bounced back after a disappointing week of trade with strong gains over the weekend.

This has led to the entire value of the crypto market rising to US$391.5 billion according to Coin Market Cap, which is 7.2% higher than where it stood on Friday afternoon.

Here is the state of play on Monday morning:

The Bitcoin (BTC) price has climbed 3% over the last 24 hours to US$8,532.88 per coin, giving the world’s largest cryptocurrency a market capitalisation of almost US$145.5 billion. Bargain hunters appear to have swooped in after sizeable declines over the last ten days.

The Ethereum (ETH) price is up 2.7% over the period to US$720.56 per token. This lifts Ether’s market capitalisation to over US$71.7 billion. Reports in Forbes stating that Apple co-founder Steve Wozniak believes the Ethereum platform could be the new Apple has certainly been a boost to sentiment.

The Ripple (XRP) price has risen 3.5% since this time yesterday to 70 U.S. cents per token, giving Ripple a market capitalisation of almost US$27.5 billion.

The Bitcoin Cash (BCH) price has been a big mover and is up over 9% during the last 24 hours. This has left the Bitcoin offshoot with a market capitalisation of close to US$22.2 billion. Last week Bitcoin Cash successfully upgraded, increasing its block size to a massive 32MB. This is expected to increase the number of transactions it can handle and boost its appeal for real-world use.

The EOS (EOS) price has pushed 6.5% high during the period to US$14.02, increasing its market capitalisation to almost US$12.2 billion.

Outside the top five the gains were equally strong over the last 24 hours. Litecoin (LTC) is up 3.1%, Cardano (ADA) is 5% higher, Stellar (XLM) has risen 4.1%, IOTA (MIOTA) is up 3%, and TRON (TRX) has been the star of the show with an 11.3% gain.

The Rocket Fuel of the AI Boom

One of the world’s richest people is sounding the alarm on what could be a trillion-dollar technology.

Everyone is talking about the artificial intelligence revolution.

Harvard Business Review calls it, “the most important general-purpose technology of our era.”

One Google Insider predicts AI, “will be as transformative as the discovery of electricity.” And it already is transforming industry after industry.

After all we have been hearing about AI for years…but it never really lived up to the hype…so what’s finally unlocked this huge tidal wave of innovation?

Click here to learn more!

Motley Fool contributor James Mickleboro has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

FREE REPORT: Five Cheap and Good Stocks to Buy now…

Our Motley Fool experts have FREE report, detailing 5 dirt cheap shares that you can buy today.

One stock is an Australian internet darling with a rock solid reputation and an exciting new business line that promises years (or even decades) of growth… while trading at an ultra-low price…

Another is a diversified conglomerate trading near a 52-week low all while offering a 2.7% fully franked yield…

Plus 3 more cheap bets that could position you to profit over the next 12 months!

See for yourself now. Simply click the link below to scoop up your FREE copy and discover all 5 shares. But you will want to hurry – this free report is available for a brief time only.