It has been a bit of a mixed night for the cryptocurrency market after profit-taking appeared to weigh on proceedings.
This led to the entire crypto market sliding slightly lower since this time yesterday to US$345.3 billion according to Coin Market Cap.
Here's the state of play on Thursday morning:
After breaking through the US$9,000 mark during trade on Wednesday, the bitcoin (BTC) price has given back its gains and is down 0.2% to US$8,921.87 per coin. This has left the world's largest cryptocurrency with a market capitalisation of US$151.1 billion. Bitcoin was given a boost overnight when Twitter and Square CEO Jack Dorsey told The Times that he expected it to become the single currency of the world in the future. According to the report, Dorsey said: "The world ultimately will have a single currency, the internet will have a single currency. I personally believe that it will be bitcoin." He has given a timeframe of 10 years for this to happen. Dorsey is heavily involved in the industry through Square and investments in Lightning Labs.
Elsewhere, the ethereum (ETH) price is up 0.6% during the last 24 hours to US$562.74 per token. This has lifted its market capitalisation to US$55.3 billion.
The Ripple (XRP) price has given back some of its recent gains and is down almost 4% during the last 24 hours to 69 U.S. cents. Ripple now has a market capitalisation of just under US$27 billion.
The Bitcoin Cash (BCH) price has fallen almost 2.5% over the last 24 hours to US$1,030.92 per token, reducing its market capitalisation to US$17.55 billion.
Litecoin (LTC) has remained mostly flat during the period at US$169.43 per coin. This leaves the popular altcoin with a market capitalisation of US$9.4 billion.
The best performer amongst the majors overnight has been the Cardano (ADA) price. It has continued its strong run and is up a further 7.4% during the last 24 hours to 21.8 U.S. cents. This has lifted its market capitalisation to US$5.64 billion.
