MENU

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

The crypto market has continued its impressive run with another stunning 24 hours of trade.

This has led to strong gains being seen across the board over the period, lifting the entire value of the crypto market by a sizeable 8.7% to US$293.6 billion according to Coin Market Cap.

The catalyst for this push higher appears to news that ETF giant BlackRock is looking into the possible launch of a crypto ETF in the near future.

Traders may be betting that this will lead to significant funds flowing into crypto assets, increasing demand for coins and pushing prices higher.

Here is the state of play on Wednesday morning:

The Bitcoin (BTC) price has stormed 10% higher over the last 24 hours to US$7,346.30 per coin, lifting the crypto giant’s market capitalisation to over US$126 billion once again.

The Ethereum (ETH) price has risen 5.5% since this time yesterday to US$503.31 per token. This latest gain has increased the Ethereum market capitalisation to US$50.7 billion.

The Ripple (XRP) price has jumped 9.6% over the period to 51.7 U.S. cents, giving the popular alt coin an improved market capitalisation of US$20.3 billion.

The Bitcoin Cash (BCH) price has pushed 6.5% higher since this time yesterday to US$849.96. This has increased the Bitcoin offshoot’s market capitalisation to almost US$14.7 billion.

The EOS (EOS) price has been the biggest mover in the top five over the last 24 hours with a 10.5% gain to US$8.89. The EOS market capitalisation is now just a touch short of US$8 billion.

Outside the top five the gains were equally strong over the period. The Litecoin (LTC) price rose 7.4%, Stellar (XLM) is up 7.8%, Cardano (ADA) has rocketed 12.3%, and IOTA (MIOTA) is 6.8% higher. Stellar and Cardano were given a boost this week after CoinBase revealed it was looking at adding them to its trading platform.

Finally, U.S. dollar-pegged “stablecoin” Tether (USDT) is up 0.15% during the period after the greenback pushed higher overnight.

Missed these crypto gains? Then don't miss out on this next major tech investment which could be many times bigger.

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!