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.
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 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”.
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.
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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Disclaimer: Blockmanity is a news portal and does not provide any financial advice. Blockmanity's role is to inform the cryptocurrency and blockchain community about what's going on in this space. Please do your own due diligence before making any investment. Blockmanity won't be responsible for any loss of funds.
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