For the first time in February, 2018, bitcoin rose above $10, 000 USD, causing a slight increase in market capitalization. It has been floating between $7k and $9K over two weeks.
The cryptocurrency market cap added more $5 billion in less than 24 hours to remain at $480 Billion at 7:22AM, February 15, 2018 as against $475 billion the day earlier.
Bitcoin crosses $10,000 value to raise more hope
Bitcoin continued to rise on Thursday through Friday morning, posting 3.72%, making it the first time it’ll be crossing 10K hurdle since the beginning of February, 2018.
Bitcoin now has a market cap of $170,857,233,913 Friday as against $166.8 billion it had yesterday.
The cryptocurrency market recovery began on Thursday, with nearly every top 100-cryptocurrency rising in value against the US dollar, and the rise in value continued Friday, even though a few of them slipped mildly.
Ethereum, bitcoin cash too
Second most popular coin, ethereum price joined bitcoin in its rally on Thursday, though it has lost 0.52% in the last 24 hours, trading $934.10, according to coinmarketcap.com.
This provides ethereum with a market cap of $91,209,668,151 as against $91.8 billion yesterday (February 15, 2018).
Ripple price posted a top 10-best seven percent rally yesterday, which largely stemmed from the fact that money transfer giant Western Union has confirmed rumors that it is pilot-testing XRP integration in a new blockchain trial, but dropped 1.47% in value on Friday morning.
Bitcoin Cash maintains a $1519.63value with a $25,788,102,105 market capitalization while litecoin extended its surge by another six percent on February 15, but dropped by 7.61% in last 24 hours in value.
We will continue to watch and analyse as the cryptocurrency price changes.