Crypto markets edge back into the green again after a slight price drop in cryptocurrencies. Traders were able to breathe a sigh of relief, as almost all of the top 100 cryptocurrencies by market capitalization made a move upward. The top 20 coins have seen a growth by over 20% over the last 24 hours.
Bitcoin (BTC) was trading slightly higher, reaching a high of above $6,500 today. The world’s largest cryptocurrency by market cap registered a 2% increase in the past 24 hours. Yesterday, Bitcoin’s price had plummeted to as low as $6,366, in the wake of a sharp price surge to above $6,700 on the 21st of September.
The second most valuable cryptocurrency, Ethereum (ETH), also saw a dramatic increase in price. The price of the coin has skyrocketed by over 5 percent over the past 24 hours. At the time of writing, Ethereum (ETH) is trading at around $220. On Wednesday, the cryptocurrency had flipped to as low as $200. Over the last 30 days, Ethereum has lost about 20% of its value.
Ripple (XRP), the third most valuable digital coin by market cap after Ethereum, has seen a solid growth in the last two weeks. The cryptocurrency rose by a whopping 22% over the last 24 hours, threatening to dethrone Ethereum from the second spot for the second time in a week. The cryptocurrency is now exchanging at $0.53, with a market capitalization of around $21 billion – about 1 billion less than Ethereum’s current market capitalization.
Bitcoin Cash (BCH) is the best performer today. BCH performed better than all the top 20 coins by market cap. The cryptocurrency is exchanging at around $520 at the writing of this post, seeing almost 20% price increase over the last 24 hours.
The new trend of cryptocurrency price surges is also taking place in the middle of the latest rumors of the forthcoming physical Bitcoin futures. Intercontinental Exchange (ICE), the company that owns of New York Stock Exchange (NYSE), recently announced it will support physical bitcoin futures soon.