It has been a bit of a mixed 24 hours for the cryptocurrency market, but thanks to a solid gain from bitcoin (BTC) the total market value has increased to US$460 billion according to Coin Market Cap.
Here is the state of play on Wednesday morning:
The bitcoin price is up over 4% since this time yesterday to US$10,740 per coin. This means the world's largest cryptocurrency has increased its market capitalisation to US$181.4 billion. Traders are now tipping the coin to break through the US$11,000 mark after citing "bullish signals" according to CoinDesk. Though, news that Apple co-founder Steve Wozniak lost seven bitcoin through a scam could weigh on sentiment and put off would-be traders.
The Ethereum (ETH) price has pushed 1.5% higher over the last 24 hours to US$879.79, giving ETH a market capitalisation of US$86.1 billion.
The Ripple (XRP) price continues to underwhelm and is down 0.5% since this time yesterday to 95 U.S. cents. The third-largest cryptocurrency's market capitalisation has now reduced to just under US$37.2 billion.
The Bitcoin Cash (BCH) price hasn't been able to build on yesterday's strong gain and is down slightly during the last 24 hours to US$1,247 per token. The bitcoin spin-off now has a market capitalisation of US$21.2 billion.
Litecoin (LTC) has lost 2.5% of its value over the last 24 hours and is now priced at US$216.38 per coin. Earlier this week Litecoin's founder tipped the coin to overtake Bitcoin Cash this year to become the fourth-largest cryptocurrency.
The NEO (NEO) price has continued its strong run and is up almost 5% since this time yesterday to US$142.16. The "Chinese bitcoin" has been on a tear this week after ratings agency Weiss gave it an A- rating. This is the highest rating ever given to a cryptocurrency.
