The crypto market is rallying high at the moment with many of the top cryptocurrencies showing double digit gains this morning.
The most significant news today is perhaps Bitcoin breaching the $3,700 barrier earlier on Feb.8, climbing as high as $3,702 before falling back slightly to mid $3,600.
Bitcoin is by far the clear leader of the market with BTC up by a whopping 7.39% at the time of writing, trading at $3,653.80 against $3,449.60 in past 24h period, a significant $200 gain on each BTC token.
This spike in price is the highest seen since Jan 27-28 when Bitcoin prices dipped below $3,400. Even Bitcoin-Cash (BCH) and Bitcoin-SV (BSV), were trading 10.95% and 8.75% upwards of their 24h value period respectively.
The Litecoin Boom
Litecoin surprised and continues to surprise everyone associated with the crypto market at the moment with the crypto trading at a 4-month high, achieved last mid-November 2018, witnessing a mammoth change of 34.73% in the 24h period at press time.
The LTC token is trading at a $45.58 on Feb.9 against the $33.80 at the same time on Feb.8, with the price continuing its climb up to the $50 peak, which on current trends, would be conquered before the day’s end.
Ethereum too joined in the festivities of the bull climb, with trading up by 13.61% in the 24h period, currently standing at $119.29 against $104.99 at the same time, 24 hours ago, on Feb.8.
Among the other top 20 cryptos, Tron (TRX) and Ripple (XRP) also accorded significant upward changes of 7.17% and 6.55%, respectively.
Even the 24h trade volume spiked drastically with cryptocurrencies worth $25.3 billion having been traded.
Overall, the market cap witnessed a significant and much-needed rise of around 9%, up from $112 billion to $122 billion in the 24h period.