MENU

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

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

With strong gains being seen across the board, the entire value of the crypto market has risen to US$270.5 billion according to Coin Market Cap. This is a gain of almost 5.5% since this time yesterday.

Here is the state of play on Tuesday morning:

The Bitcoin (BTC) price has risen 3.7% over the last 24 hours to US$6,615.80 per coin, lifting the world’s largest cryptocurrency’s market capitalisation to US$113.3 billion. As I mentioned here yesterday, one leading crypto expert tipped the Bitcoin price to climb as high as US$50,000 per coin by the end of the year. This may have sparked a bit of life into the market overnight.

The Ethereum (ETH) price has surged 4.5% higher since this time yesterday to US$473.99 per token. This has increased ETH’s market capitalisation to just over US$47.6 billion.

The Ripple (XRP) price has been a big mover and stormed 5.6% higher over the period to 48.6 U.S. cents. This gain means that XRP’s market capitalisation has now rebounded to almost US$19.1 billion.

The Bitcoin Cash (BCH) price has also rebounded strongly and is up 5.3% since this time yesterday to US$777.96 per token. The Bitcoin spin off now has a market capitalisation of US$13.4 billion.

The EOS (EOS) price has been the biggest mover amongst the major coins over the last 24 hours with a massive 10.5% gain to US$8.97 per token. This has lifted the EOS market capitalisation to just over US$8 billion. Traders appear to think EOS is cheap after recent declines.

Outside the top five the gains were even stronger as traders fought to get hold off beaten down alt coins.

The Litecoin (LTC) price has risen 6.5%, Cardano (ADA) is up 11.5%, Stellar (XLM) has pushed 6.3% higher, and IOTA (MIOTA) has been the best performer with an 11.9% gain.

The tenth largest cryptocurrency, Tether (USDT), is the only coin in the top 30 that hasn’t been able to push higher during this time. It is down 0.3% since this time yesterday.

Bitcoin certainly is booming this week, but I would still invest in this major tech opportunity ahead of it.

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!