Bitcoin shot upwards in a considerable trajectory gaining the $7400 mark in just under an hour. At around 6 pm CET on Tuesday, the currency was over the $7000 level having traded in the $6650-6750 mark for most of the day. Then, a huge push came with the price spiking by five percent in a few minutes to gain the $7100 level following another similar gain to the $7400 level on Wednesday morning.
Bitcoin cash also shot up by around ten percent to reach the $870 level confirming that the latest news of payment gateways and applications which are adopting the coin are having a positive effect on the price. Turnover seems to have increased exponentially too.
Ethereum breached the $500 level
Xrp finally broke through the $0.50 barrier after having been well below that mark for several weeks with the price at around $0.51 at press time on Wednesday.
Eos was up by over ten percent and was trading at around $8.75 at press time on Tuesday evening – a significant rise of 30 percent over 48 hours.
Ethereum also saw a considerable rise although the increase was a more modest five percent, still enough to breach the $500 level. Ether is now up by around 15 percent over 48 hours where it was testing the $400 level only a couple of days ago.
Smaller currencies also had a boost
Smaller market cap currencies also had an impressive boost with cardano leading the way and jumping ten percent to well over the $0.168 level. Ethereum classic posted slightly more moderate gains but still was trading at very close to the $18 level whilst dash jumped eight percent to the $260 level.
Litecoin was up six percent to the $92 level whilst coins such as ontology and iota posted more moderate gains of three and five percent to prices of $3.85 and $1.14 respectively.
| Asset: | Price: | % (24h) |
| Bitcoin | $7 348,56 | +9,38% |
| Ethereum | $497,72 | +4,71% |
| Xrp | $0,506324 | +6,65% |
| Bitcoin cash | $857,85 | +8,00% |
| Eos | $8,77 | +10,27% |
