Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, Litecoin, and Cardano storm higher

It has been a positive weekend of trade for the cryptocurrency market.

Solid gains across the board have lifted the entire value of the crypto market to US$351 billion according to Coin Market Cap, up over 5% since Friday morning.

Here is the state of play on Monday morning:

The Bitcoin (BTC) price has pushed 1.2% higher over the last 24 hours to US$7,733.99 per coin, lifting its market capitalisation to US$132 billion. Bitcoin has continued to push higher despite economists warning that we could be at the early stages of the bubble popping.

The Ethereum (ETH) price has risen almost 4.5% during the last 24 hours to US$619.61 per token. This gives Ethereum a market capitalisation of US$61.9 billion.

The Ripple (XRP) price has climbed 3% since this time yesterday to 66.2 U.S. cents, increasing the popular alt coin’s market capitalisation to just under US$26 billion. Rumours that Ripple is going to partner with Bank of America appears to have improved sentiment among traders.

The Bitcoin Cash (BCH) price has been a big mover and its up almost 9% to US$1,174.97. This has lifted BCH’s market capitalisation to just under US$20.2 billion. There doesn’t appear to be any real catalyst for its strong gain.

The EOS (EOS) price hasn’t been able to follow the market higher and is down 1.5% during the period. This reduces the market capitalisation of EOS to US$13.2 billion. EOS performed especially well last week and profit taking may be weighing on its performance today.

Outside the top ten the gains were less impressive over the last 24 hours. Litecoin (LTC) rose 1.5%, Cardano (ADA) is up 0.5%, Stellar (XLM) is 1.5% higher, and TRON (TRX) is up 1.3%.

IOTA (MIOTA) has been the worst performer in the top ten with a 4.2% decline to US$1.82. The Internet of Things cryptocurrency has tumbled notably lower despite announcing that it is working with Nordic Semiconductor and NTNU in Norway.

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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.

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