Much to the delight of crypto traders, It has been yet another day of gains for the cryptocurrency market. This brought the value of the entire market to a massive US$504 billion according to Coin Market Cap.
Here's what you missed over the last 24 hours:
The bitcoin (BTC) price has climbed 3% higher since this time yesterday to US$11,203. This has lifted its market capitalisation to over US$189 billion, approximately 37.5% of the entire market. Bitcoin has been on a roll since fears over tighter regulation subsided. This has led Wall Street strategist Tom Lee to state that bitcoin will likely rise to US$25,000 this year, according to CNBC.
The Ethereum (ETH) price is up 0.25% during the last 24 hours to US$948.61. This small gain means that the world's second-largest cryptocurrency now has a market capitalisation of US$92.7 billion.
The Ripple (XRP) price has also edged higher during the period to US$1.15 per token. The popular altcoin's market capitalisation now stands at just under US$44.8 billion.
Bitcoin spin-off Bitcoin Cash (BCH) has been one of the better performers on the market over the last 24 hours. It is almost 1% higher to US$1,537 per token during this time, lifting the spin-off's market capitalisation to US$26.1 billion.
The Litecoin (LTC) price is mostly flat following its hard fork. The Litecoin price is currently fetching US$226.19 per coin, giving it a market capitalisation of US$12.5 billion.
Its spin-off, Litecoin Cash (LCC), has had an incredibly strong start to life as a cryptocurrency. Although at one stage it sank to as low as US$1.40 per coin, Litecoin Cash has now rocketed 433% over the trading period to US$6.96 according to Coin Codex. It had, however, been as high as US$9.61 just a few hours ago.
