All of the sudden it’s the second largest cryptocurrency by market cap , with a monstrous bull run, rising more than 35% in 1 day, to reach nearly $140 billion market cap! That’s around 170% in the past week.
After an incredible bull run last week, the crypto bulls just got a beat, a dramatic reversal in less than 24 hours, Most of top 10 currencies got hit with double-digits losses. The godfather of crypto Bitcoin fell below $13k for the first time in 10 days after a great run to almost $20k, followed by Ethereum, Bitcoin Cash, Litecoin, Dash, Monero and other great ones. But not Ripple (XRP), It’s one of the crypto that held it’s grounds and showed some solid gains 💪 rising over 20% in 24 hours.
After holding stable near $20,000, Bitcoin prices dropped more than 10%, Coinbase announced that they will be offering Bitcoin Cash on their platform. Following that announcement, Bitcoin Cash spiked nearly 60% 😲 , pushing it over $3,500 and smashing through it’s previous all-time high. Coinbase is one of the leading exchange for buying and selling Bitcoin in the US.
Alt coins are showing great gains, 9 out of the top 10 crypto reached double digit gains in the past 24 hrs, Ethereum, Litecoin, Ripple and Dash all reached new record highs.
Ripple (XRP) continues to rise despite the fact that other cryptocurrencies started correcting in the past 24 hours, including Litecoin, Ethereum and Dash. It’s ranked as the 4th-largest by market cap and rose more than 30%, further adding to its all-time high and reaching above $0.75.
Few top cryptocurrencies showed a huge gain over the past 24 hours, as Bitcoin passed a remarkable $17,000. Ripple surged more than 40% and Litecoin gained more than 30%, Ethereum gained further 18%, crossing the $600 mark, to add to its all-time high, while Dash 12%, crossing the $900, then made a slight correction to trade around $850 this morning.
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