The cryptocurrency market has continued its recovery overnight with small gains being seen across the board.
This has taken the value of the entire market up to US$270.3 billion according to Coin Market Cap, up around 2.4% since this time yesterday.
Here is the state of play in the industry on Thursday morning:
The Bitcoin (BTC) price has pushed almost 1% higher during the last 24 hours to US$6,900.31 per coin. This has lifted Bitcoin's market capitalisation to US$117.1 billion.
The Ethereum (ETH) price has been the best performing major coin over the last 24 hours with a 2.3% move higher to US$420.56, taking its market capitalisation up to US$41.5 billion. Trader sentiment appears to have lifted after Ethereum survived its "death cross" and the much-anticipated launch of Golem took place. Golem is a peer-to-peer market that puts a computer's excess CPU power to use for other people. Described as the "Airbnb for computers", it aims to create a global market for idle computing power. Users can rent out unused computing power and be paid for it in cryptocurrency.
The Ripple (XRP) price is up 1.8% since this time yesterday to 50 U.S. cents. This increase has lifted the altcoin's market capitalisation to almost US$19.6 billion.
The Bitcoin Cash (BCH) price has edged 0.3% higher over the last 24 hours to US$652.73, taking its market capitalisation up to just over US$11.1 billion.
The Litecoin (LTC) price has been mostly flat since this time yesterday and sits at US$114.31 per coin, giving it a market capitalisation of US$6.4 billion.
Outside the top five the gains were much stronger and EOS (EOS) was without doubt the highlight. It is up 27.5% over the last 24 hours to US$7.69 per token. This gives it a market capitalisation of US$6.05 billion, putting it within sight of Litecoin. Rumours of a token "airdrop" have been behind its strong gain.
Elsewhere, Cardano (ADA) is up 5.6%, Stellar Lumens (XLM) lifted 2.6%, NEO (NEO) has stormed 10.7% higher, and IOTA (MIOTA) is up 4.2% during the period.
