It has been a reasonably positive 24 hours of trade for the cryptocurrency market once again.
During this time the crypto market has consolidated its position after some impressive gains and the value of the entire market has held firm at approximately US$270.8 billion according to Coin Market Cap.
Here is the state of play on Wednesday morning:
The Bitcoin (BTC) price is up 0.4% since this time yesterday to US$6,632.58 per coin, lifting the market capitalisation of the world’s largest cryptocurrency to approximately US$113.6 billion. Bitcoin and its crypto peers were given a boost this week after a report released by the European parliament gave virtual currencies a surprise tick of approval.
The Ethereum (ETH) price has given back some of its recent gains and is down 0.8% over the last 24 hours to US$470.51 per token. Ethereum now has a market capitalisation of just under US$47.3 billion.
The Ripple (XRP) price has continued its push higher and is up 1.9% over the period to 49.5 U.S. cents. This latest gain lifts the alt coin’s market capitalisation to just over US$19.4 billion.
The Bitcoin Cash (BCH) price has edged lower during the last 24 hours to US$773.06 per token. This decline means that BCH has a reduced market capitalisation of US$13.3 billion.
The EOS (EOS) price has pushed higher again and is up 1% since this time yesterday to US$8.99 per token. The popular alt coin now has a market capitalisation of almost US$8.1 billion.
It has been a similarly mixed story outside the top five over the last 24 hours. During this time the Litecoin (LTC) price has been a strong performer and pushed 2.6% higher. However, Cardano (ADA) has fallen 2.9% and Stellar (XLM) is off 1.6%. Both IOTA (MIOTA) and Tether (USDT) have edged slightly higher during the period.
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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.