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%.

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