It certainly was a great end to the week for cryptocurrency traders.
Strong gains have been made across the board over the last 24 hours and especially among the alt coins. This has led to the value of the entire market rising over 9% to US$222.8 billion according to Coin Market Cap.
Here is the state of play on Saturday morning:
The Bitcoin (BTC) price has climbed 4% over the last 24 hours to US$6,565.50 per coin, lifting its market capitalisation to over US$113 billion. The Bitcoin bulls certainly appear to be in control right now.
The Ethereum (ETH) price has stormed 9.7% higher since this time yesterday to US$314.91 per token. This leaves ETH with a market capitalisation of over US$31.9 billion.
The Ripple (XRP) price has been the standout performer over the last 24 hours with a massive 28% gain to 37.4 U.S. cents. XRP now has a market capitalisation of US$14.7 billion. Traders appear to have responded positively to news that Ripple has added three cryptocurrency exchanges to its cross-border payments settlement offering. US-based Bittrex, Mexico’s Bitso, and Philippine-based Coins.Ph are the exchanges that have been added.
The Bitcoin Cash (BCH) price has zoomed 12.6% higher since this time yesterday to US$586.01. The Bitcoin Cash market capitalisation has now increased to US$10.1 billion.
The EOS (EOS) price has stormed a massive 21.3% higher over the period to US$5.48 per token. This gain has added a billion dollars to the EOS market capitalisation, lifting its to just under US$5 billion.
Outside the top five the gains were equally strong over the last 24 hours. The Stellar (XLM) price rose 10.6%, Litecoin (LTC) jumped 11.3%, Cardano (ADA) surged 15.1% higher, and Monero (XMR).
Tether (USDT) was the only coin in the top ten and one of only two in the top 100 to post a decline over the period. The US-dollar pegged coin is down 0.3% to 99.81 U.S. cents.
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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.