The cryptocurrency market has bounced back after a disappointing week of trade with strong gains over the weekend.
This has led to the entire value of the crypto market rising to US$391.5 billion according to Coin Market Cap, which is 7.2% higher than where it stood on Friday afternoon.
Here is the state of play on Monday morning:
The Bitcoin (BTC) price has climbed 3% over the last 24 hours to US$8,532.88 per coin, giving the world's largest cryptocurrency a market capitalisation of almost US$145.5 billion. Bargain hunters appear to have swooped in after sizeable declines over the last ten days.
The Ethereum (ETH) price is up 2.7% over the period to US$720.56 per token. This lifts Ether's market capitalisation to over US$71.7 billion. Reports in Forbes stating that Apple co-founder Steve Wozniak believes the Ethereum platform could be the new Apple has certainly been a boost to sentiment.
The Ripple (XRP) price has risen 3.5% since this time yesterday to 70 U.S. cents per token, giving Ripple a market capitalisation of almost US$27.5 billion.
The Bitcoin Cash (BCH) price has been a big mover and is up over 9% during the last 24 hours. This has left the Bitcoin offshoot with a market capitalisation of close to US$22.2 billion. Last week Bitcoin Cash successfully upgraded, increasing its block size to a massive 32MB. This is expected to increase the number of transactions it can handle and boost its appeal for real-world use.
The EOS (EOS) price has pushed 6.5% high during the period to US$14.02, increasing its market capitalisation to almost US$12.2 billion.
Outside the top five the gains were equally strong over the last 24 hours. Litecoin (LTC) is up 3.1%, Cardano (ADA) is 5% higher, Stellar (XLM) has risen 4.1%, IOTA (MIOTA) is up 3%, and TRON (TRX) has been the star of the show with an 11.3% gain.
