Markets: Ethereum [ETH] crosses $100 surges by 10%+, Bitcoin Cash [BCH] overtakes Litecoin [LTC]
Investors have heaved a sigh of relief as cryptocurrency markets finally see green candlesticks everywhere. The markets are rising sharply and trading volume in exchanges are increasing. Bitcoin has finally crossed $3,500 and is now trading at $3,797.
Ethereum crosses $100
Definitely, the star of today’s market upturn is Ethereum. Ethereum has crossed $100, once again bringing back the confidence among its investors. Ethereum is currently trading at $102, a 10.4% increase in the past 24 hours. Ethereum had briefly touched $87 this bear market, ensuing panic among Ethereum holders.
Bitcoin Cash [BCH] overtakes Litecoin
Bitcoin Cash overtakes Litecoin and even Tether become the 6th largest cryptocurrency once again. BCH increased by a whopping 26% in the past 24 hours. BCH is the fifth biggest gainer today. On 13th December, Litecoin surpassed Bitcoin Cash [BCH] for the first time to become the 6th largest cryptocurrency in terms of market capitalization. The event was dubbed “the Flappening”.
Cryptocurrency markets add $20 billion
After briefly touching the mark of little over $100 billion, the cryptocurrency markets rebounded and added $20 billion in the next 24 hours. It was started by a sudden increase in the price of Bitcoin (3%), followed by rising in prices of other cryptocurrencies including XRP, Ethereum, Litecoin, BCH, Tron etc.
Binance trading volume increases to $1 billion
Exchange volumes are up with Binance leading the race with $1 billion trade volume in the past 24 hours. Binance is followed by OkEx and Huobi in the second and third position respectively.
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