The cryptocurrency market is currently growing at massive rates with Bitcoin SV (BSV), Bitcoin Cash (BCH) and EOS being the leaders among the top 10. Bitcoin (BTC), Ethereum (ETH), XRP and Litecoin (LTC) are also expanding and registering massive gains.
Crypto Market Surges
87 out of the top 100 virtual currencies are currently operating in a green area. The digital asset leading the market is Bitcoin SV that did not only surpass Litecoin but it has also reached the fourth position with a valuation of $6.01 billion.
It is not common to see a virtual currency surge almost 100% in just 24 hours as Bitcoin SV just did. At the moment, this virtual currency is being traded around $332, as shown by CoinMarketCap. As UseTheBitcoin reported a few days ago, Bitcoin SV was already moving higher after the submission of documents from Craig Wright to plaintiffs.
Thanks to this price increase, Bitcoin SV was able to surpass Litecoin, EOS, Tether (USDT) and Bitcoin Cash. Nevertheless, it remains far from XRP.
The largest cryptocurrency, Bitcoin (BTC), is being traded 7.73% up, and it reached $8,751 per coin. This allowed it to have a market valuation of $158.94 billion. The main question is whether the virtual currency will continue its growth path and surpass $9,000.
One of the reasons behind this price increase could be related to the fact that an analyst predicted there is a 60% chance of having a Bitcoin ETF in 2020.
Ethereum (ETH), that has been traded below $150 for several months is not above $163 with a market cap of $17.82 billion, followed by XRP with a price per coin of $0.238. XRP’s valuation is now $10.35 billion.
Bitcoin Cash, the controversial fork of Bitcoin, is now traded 24.39% up compared to yesterday, allowing it to reach a $6 billion valuation.
Binance Coin (BNB) and Tron (TRX), which are also among the top 10, have grown 9.72% and 14.2% respectively. Now, all the top 10 virtual currencies have a valuation above $1 billion. Binance is working in order to expand its solutions in the market and attract a larger number of users.
Cardano (ADA), the digital currency created by Charles Hoskinson is also close to the top ten, similarly to Monero (XMR). Both of these virtual currencies have a valuation of $1.07 billion.