Cryptocurrency markets halted Friday’s slide, with most coins recording minor gains after large withdrawals. two days. The Bitcoin award was titled in advance with a rebound above $ 10,000, while Ethereum outperformed the index significantly.
In total, the market capitalization of the cryptocurrency has risen by 1, 3%. At its current value of $ 462.7 billion, the market is in an excellent position to challenge the $ 500 billion mark over the weekend.
The Bitcoin prize recovers $ 10,000
The minor recovery allowed the Bitcoin price to rise above the $ 10,000 mark, which is psychologically important after briefly slipping below Thursday. At the moment, Bitcoin is valued at $ 10,199 on Bitfinex, which represents an increase of about 0.4% on a single day, but a 6% increase over its intraday trough of $ 9,583. Bitcoin now has a market capitalization of 174.1 billion dollars, which establishes its market share at 38.5%.
The moderate recovery is potentially related to the announcement that The stock market Robinhood had begun deploying its cryptocurrency trading service, which had been announced for the first time in January.
The service is currently only available to a limited number of users in five US states, but the company intends to expand it quickly in the coming months. Investors are largely optimistic that most of the 4 million registered Robinhood users will soon have the opportunity to trade Bitcoin and Ethereum – with more cryptocurrencies likely to follow.
Ethereum Price leads the large-cap index
Although Bitcoin managed to return to a psychologically important checkpoint, it could not go much further. The Ethereum award, meanwhile, reached a best six-percent rally, bringing its value to $ 867 on Bitfinex. Ethereum’s market capitalization is now valued at $ 85.5 billion, placing its share of the index at just a few points below the 20% mark.
Altcoin Prices Different Advance
Other large-cap altcoins recorded mixed growth, with most cryptocurrences remaining close to the index.
The Ripple price and the Bitcoin Cash price have increased by two percent and are currently trading at $ 0.95 and $ 1,272, respectively. Litecoin and Cardano, meanwhile, remain largely at their levels the day before.
The EOS price rose 4%, surpassing only Ethereum among the top 10 cryptocurrencies, and the 1% increase in NEO followed the index.
Stellar, the ninth largest cryptocurrency, posted a one – per – day decline of one percent, reducing its price to $ 0.36, while IOTA completed the top 10 with a two percent rise to $ 1.75.