The cryptocurrency market continues to recover after having a bad start to the week a few days ago. Here are the latest movements:
Ethereum (ETH) has gone up by over 5% during the past day to US$300.90. Its market capitalisation now stands at US$30.5 billion. It has gained some ground on Bitcoin during the last day.
Bitcoin (BTC) has risen by 2.39% during the past 24 hours to US$6,496.06. Its market capitalisation is currently US$111.8 billion for now. The leading cryptocurrency is inching back towards US$7,000.
Ripple (XRP) is the biggest gainer today, it has shot up by 5.79% during the past day to US$0.30. However, it has still fallen significantly since its all-time high of US$3.78 at the start of the year. Its market capitalisation is US$11.87 billion today as it stands.
Bitcoin Cash (BCH) has recovered by 4.78% over the past 24 hours to US$519.77. It has declined by more than 80% since its high in December 2017. Its market capitalisation now represents US$9 billion.
EOS (EOS) has gone upwards by 2.93% during the past 24 hours to US$4.81. Its market capitalisation has reached US$4.36 billion.
Also, during the past day: Litecoin (LTC) is up 3.07%, Stellar (XLM) is up 3.3%, Cardano (ADA) is up 3.97%, Tether (USDT) is up 0.01%, TRON (TRX) is up 5.54%, Monero (XMR) is up 5.36%, Ethereum Classic (ETC) is down 2.38% and IOTA (MIOTA) is up 7.29%.
Going into the weekend the cryptocurrency market seems to be in a good place, but who knows what will happen next week? Either way, I’d rather own some quality technology shares for the long-term like Altium Limited (ASX: ALU), Citadel Group Ltd (ASX: CGL) and Appen Ltd (ASX: APX).
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 Tristan Harrison owns shares of Altium. The Motley Fool Australia owns shares of Altium, Appen Ltd, and Citadel Group Ltd. 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.