Crypto asset markets have seen some significant gains in the past 24 hours, recapturing much of the losses it took a few days ago. The full valuation of the crypto economy is now back above $ 1 trillion and bitcoin is up above $ 40k on January 14.
Bitcoin (BTC) and a number of other digital assets have had some nice experiences prize winnings during the last day. Gains that nearly wiped out losses on Sunday and Monday. Bitcoin’s market cap is currently around $ 734 billion and its cryptocurrency is up more than 11% in the last 24 hours. At the time of publication, BTC trades hands for prices between $ 39,200 and $ 39,700 per unit, and today has $ 23 billion in world trade volume. Ethereum (ETH), the second largest market cap is also up more than 11% today, trading at $ 1,236 per ether.
The fourth largest market valuation belongs to XRP, but the position is terribly close to be taken by the polkadot (DOT) crypto asset. XRP trades at $ 0.30 per unit on Thursday and has a market value of approximately $ 13.6 billion. In connection XRP, is Polkadot’s (DOT) market, which is up a whopping 21% during the day. DOT trades at $ 12.79 per unit and has a market capitalization of approximately $ 12.1 billion. Behind DOT is litecoin (LTC), which also wins 11% today and trades for $ 154 each LTC. Bitcoin cash (BCH) made 12% in gains on Thursday, jumping to $ 535 each BCH. Currently, BCH trades at $ 526 per coin at time of publication.
The last three top ten contenders include ADA (8% higher), XLM (7% higher), and BNB which today has gained more than 6%. Today’s biggest winners include hedgetrade (HEDG + 296.88%), idle (IDLE + 81.56%), insight network (INSTAR + 62.47%), coinmeet (MEET + 47.68%), and keeperdao ( SMOKE + 46.24%). The biggest losers on Thursday are coins such as fuzex (FXT -49.46%), robotina (ROX -45.05%), dragonchain (DRGN -42.81%), neuroChain (NCC -25.88%) and bitcore ( BTX -25.30%).
The recent spike in value has given confidence to many cryptocurrency advocates following Monday’s losses.
“Cub, that was a fast bear market,” tweeted bitcoin advocate Anthony Pompliano on Thursday. Bitcoin back to $ 40,000. Don’t listen to skinless fools in the game anymore, ”added Pompliano.
The creator of the stock-to-flow bitcoin pricing model, Plan B, also tweeted about the price jump after the crypto asset crossed $ 38k. Plan B stated:
Bitcoin $ 38k is nice, but I’m still waiting for that bigger monthly jump that usually marks the phase transition / point of no return (red arrows).
Civic founder Vinny Lingham, also known as the ‘Oracle’, also discussed the price on Thursday and made a different prediction.
“If bitcoin breaks $ 42k, it will test $ 50k pretty soon,” Lingham said tweeted. “If not, we will most likely stay below $ 40,000 for a while, with some sideways consolidation. [and] this can cause a big run on altcoins. Keep an eye on ETH, FIL, SOL for severe outbreaks, ”Lingham added.
What do you think of the recent cryptocurrency gains and bitcoin’s jump in the last 24 hours? Let us know what you think about this topic in the comments below.
Image Credits: Shutterstock, Pixabay, Wiki Commons, Plan B, Bitcoinwisdom.io, markets.Bitcoin.com, Twitter,
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