MENU

Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, and EOS edge higher

It has been a reasonably positive 24 hours of trade for the cryptocurrency market.

During this time the market has edged higher and seen its value rise to US$343.9 billion according to Coin Market Cap, up almost 1.5% since this time yesterday.

Here is what you need to know on Friday morning:

The Bitcoin (BTC) price has risen 0.8% over the last 24 hours to US$7,651.29 per coin, lifting the world’s largest cryptocurrency’s market capitalisation to US$130.7 billion. According to research compiled by Finder this week, a panel of cryptocurrency experts have predicted that Bitcoin will reach US$14,638 by the end of the year. Though it is worth noting that the same panel had previously predicted it would reach US$33,000 by the end of the year.

The Ethereum (ETH) price is up 0.1% over the period to US$603.03 per token. This edges Ethereum’s market capitalisation up to almost US$60.3 billion.

The Ripple (XRP) price has pushed 0.8% higher since this time yesterday to 67.55 U.S. cents, increasing XRP’s market capitalisation to US$26.5 billion.

The Bitcoin Cash (BCH) price has risen 0.7% over the last 24 hours to US$1,134.25 per token. This gives the Bitcoin spin-off an improved market capitalisation of US$19.5 billion.

The EOS (EOS) price has been the best performer over the period with a 3% gain to US$14.12, increasing its market capitalisation to almost US$12.7 billion. Traders appear to be piling in ahead of the cryptocurrency’s Mainnet network launch on Saturday. It was due to have launched on June 1 but failed to fire.

Outside the top five things were a little mixed over the last 24 hours with only Stellar (XLM) posting gains. It is up 0.3% during the period, whereas Litecoin (LTC) is down 0.1%, Cardano (ADA) has fallen 1.9%, IOTA (MIOTA) is marginally lower, and TRON (TRX) is lower by 1%.

7 of 8 People Are Clueless About This Trillion-Dollar Market

One of our investors has recently returned from a research trip to Silicon Valley... and has a warning for fellow investors:

Because he works for an organization dedicated to spreading great investing ideas, his video report is free today... so you can see it and decide for yourself.

Don't miss your chance click here to learn about this warning and how you might be able to profit!

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.

The 5 mining stocks we’re recommending in 2019…

For decades, Australian mining companies have minted money for individual investors like you and me. But if you believe the pundits and talking heads on TV, those days are long gone. Finito! Behind us forever…

We say nothing could be further from the truth. To earn the really massive returns, you’ve got to fish where others aren’t fishing—and the mining sector could be primed for a resurgence. That’s why top Motley Fool analysts just revealed their exciting new research on 5 ASX miners they believe could help you profit in 2019 and beyond…

Including:

The best way we see to play the global zinc shortage… Our #1 favourite large-cap miner (hint: it’s not BHP)… one early-stage gold miner we think could hit the motherlode… Plus two more surprising companies you probably haven’t heard of yet!

For free access to our brand-new research, simply click here or the link below. But be warned, this research is available free for a limited time only, and we reserve the right to withdraw it at any time.

Click here for your FREE report!