How Cryptocurrency Trading Has Evolved in Recent Years

12m
cointelegraph

Binance Cloud Launches, Enabling Third Party Exchange Creation

36m
cryptoticker

How GenZ Is Reshaping The College Years

1h
bitcoinwarrior

Lition blockchain node now deployable on Microsoft Azure »…

1h
cryptonewmedia

Enjin Launches Game Development Platform on Ethereum

1h
cryptonewmedia

Candidate Bloomberg Proposes Cryptocurrency Policy in New Financial Reform Plan

1h
dcebrief

Bitcoin Now in Firm Bull Territory; Here’s Why a Move to Fresh 2020...

1h
newsbtc

Stellar’s Jed McCaleb Says His XRP Sell-Off Won’t Disrupt Crypto Market

1h
cointelegraph

BitGo Gains Entry to Digital Securities World Through Acquisition of…

2h
cryptonewmedia

This Pattern Suggests Ethereum’s Rally is Far from Over; Here’s How…

2h
cryptonewmedia

Cryptocurrency Exchanges’ Anti-Coin Mixing Policies Will Spawn a Black Market of ‘Tainted Coins’

2h
beincrypto

China Has the Secret to Fulfilling Elon Musk’s Affordable EV Pledge

2h
cryptonewmedia

Bitcoin Price Returns Above $10K, Here’s Why

2h
bitcoinist

Over 200 Bipartisan Bills Passed By U.S. House Have Not Been Voted In Mitch McConnell’s Senate

2h
bitcoinwarrior

Michael Bloomberg Pushes For Crypto Regulation

2h
bitcoinist

Is $10,000 Bitcoin’s New $1,000? Price Action Like Pre-2017 Bull…

2h
cryptonewmedia

Hester Peirce: Tell Me How to Improve My Safe Harbor Proposal

2h
cryptonewmedia

Binance Launching Crypto Exchange Cloud Service

2h
bitcoinnews

Sally Ho's Technical Analysis 19 February 2020 BTC ETH

2h
cryptodaily

Compound Finance Assets Soar Past $200 Million USD In Light Of Recent DeFi Troubles

2h
coingape

The Beginner’s Guide to Bitcoin Part 11: Bitcoin and the Macroeconomy…

3h
cryptonewmedia

bZx Exchange Says Latest Attack Was “Completely...

3h
bitcoinist

Is $10,000 Bitcoin’s New $1,000? Price Action Like Pre-2017 Bull Run, Says Analyst

3h
cryptonewmedia

bZx Exchange Says Latest Attack Was “Completely Different”

3h
bitcoinist

BitGo Gains Entry to Digital Securities World Through Acquisition of Harbor

3h
cointelegraph


Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow

cointelegraph

4mon ago

Wednesday, Oct. 9 — Bitcoin (BTC) continues its rebound, jumping $400 in a few hours, while altcoins rally in sync with BTC.

Cryptocurrency market daily overview. Source: Coin360

The world’s most popular crypto coin rallied from an intraday low of around $8,200 up to its current trading price near $8,600, showing impressive gains of over 5% in the past 24 hours, while a vast majority of the top 100 crypto coins are pumping in sync with BTC and are recording major double-digit gains.

Bitcoin seven-day price chart. Source: Coin360

Ether (ETH), meanwhile, followed suit and rallied in sync with most of its fellow altcoins, showing a more than decent gain of nearly 7% on the day. The second-biggest cryptocurrency by market cap hit its intraday low at $179 and has since found its way to $191.58 per coin at press time. However, its price is still down 14% from the high of $222 in mid-September.

Bloomberg reported that the overall impressive price gains are partly the result of an update on the development of the next-generation Ethereum network and new financial apps at the Devcon 5 conference, currently happening in Osaka, Japan. Josh Lim, head of trading strategy at Galaxy Digital said:

“Today, and starting over the last week, we’ve seen a resurgence of interest in alt-coins. The leaders in that regard have been Ethereum and Ripple.”

Ether seven-day price chart. Source: Coin360

Ripple’s XRP is showing positive gains of 2.68% over the past 24 hours and is trading at about $0.281 per coin at press time. Cointelegraph recently reported that the United Kingdom-based financial software firm Finastra partnered with Ripple to join RippleNet, a global blockchain payments network with over 200 members, to provide faster and cheaper cross-border payments.

XRP’s seven-day price chart. Source: Coin360

All of the top-20 coins are showing gains today. Ethereum Classic (ETC), the number 20 coin by market capitalization, is up 11.33% on the day, while Chainlink (LINK) takes the title of the biggest gainer among the top cryptos at press time, up nearly 14% on the day.

The overall cryptocurrency market cap increased from $222 billion to $232 billion, with Bitcoin making up 66.7% of the total.

Regarding any copyrights issue, please contact us:content@hashbee.com.

0 comments