In this blog, we curate relevant and remarkable content related to blockchain, cryptocurrency and the digital economy. This insightful piece by Eustance Huang published on CNBC reported on 3 Apr that major cryptocurrencies are soaring after bitcoin made its first big jump in months. Read on.
“Hot on the heels of bitcoin surging to multi-month highs, other major cryptocurrencies are also posting big moves upward.
As of 1:36 p.m. HK/SIN, the price of ethereum had surged 12.46 percent in 24 hours to $166.66, according to data from Coindesk. Ripple’s XRP token also rose 6.55 percent to approximately $0.346. While bitcoin has by far the largest market cap of any digital token, ethereum and XRP hold the second and third positions, respectively.
As of the afternoon of Asian trading hours, data from Coinmarketcap showed that more than $84 billion had been traded in the cryptocurrency space over the last 24 hours.”