Crypto update: Bitcoin (BTC), Ethereum (ETH), and Ripple (XRP) push higher again

The cryptocurrency market has continued its recovery overnight with small gains being seen across the board.

This has taken the value of the entire market up to US$270.3 billion according to Coin Market Cap, up around 2.4% since this time yesterday.

Here is the state of play in the industry on Thursday morning:

The Bitcoin (BTC) price has pushed almost 1% higher during the last 24 hours to US$6,900.31 per coin. This has lifted Bitcoin’s market capitalisation to US$117.1 billion.

The Ethereum (ETH) price has been the best performing major coin over the last 24 hours with a 2.3% move higher to US$420.56, taking its market capitalisation up to US$41.5 billion. Trader sentiment appears to have lifted after Ethereum survived its “death cross” and the much-anticipated launch of Golem took place. Golem is a peer-to-peer market that puts a computer’s excess CPU power to use for other people. Described as the “Airbnb for computers”, it aims to create a global market for idle computing power. Users can rent out unused computing power and be paid for it in cryptocurrency.

The Ripple (XRP) price is up 1.8% since this time yesterday to 50 U.S. cents. This increase has lifted the altcoin’s market capitalisation to almost US$19.6 billion.

The Bitcoin Cash (BCH) price has edged 0.3% higher over the last 24 hours to US$652.73, taking its market capitalisation up to just over US$11.1 billion.

The Litecoin (LTC) price has been mostly flat since this time yesterday and sits at US$114.31 per coin, giving it a market capitalisation of US$6.4 billion.

Outside the top five the gains were much stronger and EOS (EOS) was without doubt the highlight. It is up 27.5% over the last 24 hours to US$7.69 per token. This gives it a market capitalisation of US$6.05 billion, putting it within sight of Litecoin. Rumours of a token “airdrop” have been behind its strong gain.

Elsewhere, Cardano (ADA) is up 5.6%, Stellar Lumens (XLM) lifted 2.6%, NEO (NEO) has stormed 10.7% higher, and IOTA (MIOTA) is up 4.2% during the period.

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.

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