Crypto asset markets have seen some significant gains over the last 24 hours recapturing much of the losses suffered a few days ago. The entire crypto-economy valuation is now back over the $1 trillion mark and bitcoin has jumped above the $40k handle on January 14.
Bitcoin (BTC) and a number of other digital assets have experienced some nice price gains during the last day. Gains that have almost erased the losses felt on Sunday and Monday. Bitcoinâ€™s market capitalization today is around $734 billion, and the crypto asset has gained over 11% during the last 24 hours. At the time of publication, BTC is exchanging hands for prices between $39,200 to $39,700 per unit, and has $23 billion in global trade volume today. Ethereum (ETH), the second-largest market cap has gained over 11% today as well and is swapping for $1,236 per ether.
The fourth-largest market valuation belongs to XRP, but the position is awfully close to being taken by the polkadot (DOT) crypto asset. XRP is trading for $0.30 per unit on Thursday and has a market valuation of around $13.6 billion. Following XRP, is polkadotâ€™s (DOT) market, which has gained a whopping 21% during the day. DOT is trading for $12.79 per unit and has a market cap of around $12.1 billion. Behind DOT is litecoin (LTC), which is up as well gaining 11% today and swapping for $154 per LTC. Bitcoin cash (BCH) has gathered 12% in gains on Thursday jumping to $535 per BCH. Currently, BCH is trading for $526 per coin at the time of publication.
The last three top ten contenders include ADA (up 8%), XLM (up 7%), and BNB which has gained a touch over 6% today. Todayâ€™s biggest gainers include hedgetrade (HEDG +296.88%), idle (IDLE +81.56%), insights network (INSTAR +62.47%), coinmeet (MEET +47.68%), and keeperdao (ROOK +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 value spike has added confidence to many cryptocurrency advocates after last Mondayâ€™s losses.
â€œWelp, that was a quick bear market,â€ tweeted the bitcoin proponent Anthony Pompliano on Thursday. â€œBitcoin back to $40,000. Stop listening to fools with no skin in the game,â€ Pompliano added.
The Civic founder Vinny Lingham, otherwise known as the â€˜Oracle,â€™ also discussed the price on Thursday and made another prediction.
â€œIf bitcoin breaks $42k, itâ€™s going to run to test $50k pretty quickly,â€ Lingham tweeted. â€œIf it doesnâ€™t, then most likely weâ€™re going to be stuck below $40k for a while, with some sideways consolidation [and] this may trigger a big run on altcoins. Keep an eye on ETH, FIL, SOL for major breakouts,â€ Lingham added.
What do you think about the recent cryptocurrency gains and bitcoinâ€™s jump during the last 24 hours? Let us know what you think about this subject in the comments section below.
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