Ripple XRP bounces 37% and Bitcoin hits new record
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Answer Ripple XRP bounces 37% and Bitcoin hits new record
After yesterday’s carnage, and the cryptocurrency market turmoil, today appears to be a day of recovery.
Bitcoin crossed the $24,000 resistance, and reached a new record of $24,520, according to coinmarketcap.
Most of the alternative cryptocurrencies have also bounced back strongly, with amazing increases, some of which are double digits.
Bitcoin reaches a new record:
The primary cryptocurrency has suffered a downward spiral in the past few days with several notable price moves and fluctuations, dropping as low as $22,000.
After dropping to $22,700, the bulls took over and quickly drove the cryptocurrency above $23,000.
Bitcoin (BTC) has continued its advance over the past 24 hours and is approaching $24,000.
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To break it a few hours ago and exceed it by more than $500, thus breaking the previous record set at $24,350.
Alternative Digital Currencies (ALTS) are also present:
Altcoins plunged in value yesterday, with nearly $40 billion evaporating in a single day, following the SEC lawsuit against Ripple.
But today the situation has changed.
After Ripple reached $0.24, it rebounded up to $0.36 at the time of writing this article.
Most of the altcoins also rebounded from their lows recorded in the past days.
The price of Ethereum increased by 7.9% in the past 24 hours and reached $626 so far.
Bitcoin Cash crossed the $300 mark and the price of the coin reached $316, a 12.5% increase in the past 24 hours.
The digital currency “DOT” rose by 7.7, BNB by 4% and Litecoin by 16.4%, meaning that all the first 10 cryptocurrencies rose clearly, including the LINK coin by 9.2% and the ADA coin by 10%.
However, the Ripple currency outperformed them all, with an increase of 37% in the last 24 hours.
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With the rise of Bitcoin and altcoins, the total market capitalization of the crypto market in general has risen to $664.6 billion.
Read also:
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