Stepping into the new year the crypto market cap received a major boost passing $750B mark weeks after the correction which saw the market cap as low as $418B. Bitcoin (BTC) seems to be making another push to the $20,000 ATH that hit reached late last year as most coins started off bullish. However, this Thursday BTC is up %3.25 at around $15,563.10 up nearly %9 from when entering the new year.
The major focus however has been on the alt coins which entered the new year on a strong bull run with Ripple (XRP), a currency that traded at around $0.25 early December, rising to $3.19 seeing a new ATH. Not only did it make this milestone it also passed Ethereum (ETH) as the second largest cryptocurrency by market cap at $123.4B according to coinmarketcap.
Is the ‘Rippling’ happening? Only time will tell as man cryptos so far this year are cleary pushing for that top 10 spot to prove there worth and value in the ecosystem.
Ethereum did not let Ripple steal its thunder as the smart contract crypto set its ATH passing $1000 earlier in the day.
Fan favorite Litecoin (LTC), which reached its ATH at $370 nearly passing $400 in some exchanges during December, is currently down %5.13 on the day at $232.
– Afolabi Thomas
**Disclaimer: Please treat all articles on investment as information and not financial advice. London Glossy does not claim responsibility in lost funds due to investment. Research and be cautious when investing in crypto currencies.