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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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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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