The most significant player in the cryptocurrency realm, Bitcoin (BTC) is now exchanging at above $3,600, and the price briefly surpassed $3,700. It has pulled back to slightly lower levels in recent trading and is now hovering around the $37.80 mark. After topping that level, the coin experienced a sharp surge that sent its price above the $37 mark for the first time in almost a month. Speaking of the hardfork, Bitcoin Cash [BCH] is one of the coins overtaken by Litecoin in its sudden surge to the top-fray of the coin ladder, and despite the close race, Bitcoin Cash has also been riding the collective market bullish high and has seen a wave of green.
Recently, the daily trading volume of Bitcoin (BTC) has been increasing significantly.
Bitcoin (BTC) has a huge influence over the rest of the digital currencies in the market.
Elsewhere, the price increase in Litecoin has knocked out the slump in the wider cryptocurrency market, with investors getting up this morning to a sea of green on trading platform. This is the highest level it has reached since the end of November 2018. EOS has also fared well, with the coin being the second-highest gainer in the top-10 amassing a 15.03 percent rise against the USA dollar in the past 24-hours.
The second feature is the considerable influx on Coinbase- a digital currency brokerage that is now trending. One Litecoin coin can now be purchased for approximately $37.59 or 0.01089364 BTC on major cryptocurrency exchanges including Bitsane, Bitso, CoinBene and WazirX.
Litecoin (CURRENCY:LTC) traded up 12.5% against the dollar during the 1-day period ending at 8:00 AM Eastern on January 16th. The crypto industry market cap has risen by nearly 7 percent in the past 24 hours, from $114 billion to $121 billion.
Litecoin LTC - provides faster transaction confirmations (2.5 minutes on average) and uses a memory-hard, scrypt-based mining proof-of-work algorithm to target the regular computers and GPUs most people already have - which are its main differentials to Bitcoin.
As at press time, Bitcoin is trading at $3,675 which is a big deal given that one could predict its price some days ago even without looking at a price chart.
The cryptocurrency market is making an emphatic return today after days of low volatility, with the price of bitcoin briefly surpassing $3,700 alongside other major coins printing double-digit gains in the past day.
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