Money Crypto update: Bitcoin, Ethereum, Ripple, Bitcoin Cash, EOS, and Litecoin bounce back

05:55  06 june  2018
05:55  06 june  2018 Source:   fool.com

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The crypto market has bounced back with a bang overnight on Thursday. The Bitcoin offshoot now has an improved market capitalisation of just under US.5 billion. The EOS ( EOS ) price has been the biggest mover amongst the major coins over the period with a 13.5% gain to US.47.

The Ripple (XRP) price has bounced back by 2.4% over the period to 68.1 U.S. cents, lifting the The Bitcoin Cash (BCH) price has pushed 4% higher over the last 24 hours to US,156.71 per token. Crypto update : Bitcoin rises but Ethereum , Ripple , EOS , and Litecoin hit on hacking news.

A visual representation of the digital Cryptocurrency Bitcoin. © Chesnot/Getty Images A visual representation of the digital Cryptocurrency Bitcoin. Traders will be relieved to learn that the cryptocurrency market bounced back overnight and gains can be seen across the board.

This has lifted the value of the entire market to US$346.2 billion according to Coin Market Cap, up 1.5% since this time yesterday.

Here is the state of play on Wednesday morning:

The Bitcoin (BTC) price has risen 1.5% over the last 24 hours to US$7,636.04 per coin, lifting the world’s largest cryptocurrency’s market capitalisation to US$130.4 billion. Bitcoin came under heavy selling pressure yesterday after Google Trends data revealed that web searches for “Bitcoin” have fallen 75% since the start of the year and have halved in just the last three months.

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Ethereum has also seen the number of Google searches decline 70% since early in 2018. The Ripple (XRP) price has bounced back by This gives the Bitcoin spin off an increased market capitalisation of almost US.9 billion. The EOS ( EOS ) price has risen 3.9% since this time yesterday to US.23.

The Ripple (XRP) price has bounced back by 2.4% over the period to 68.1 U.S. cents, lifting the popular alt coin’s market capitalisation to US.7 billion. Bitcoin Cash (BCH). 806.509. Litecoin (LTC).

The Ethereum (ETH) price has pushed 2.4% higher since this time yesterday to US$609.22 per token, increasing ETH’s market capitalisation to US$60.9 billion. Ethereum has also seen the number of Google searches decline 70% since early in 2018.

The Ripple (XRP) price has bounced back by 2.4% over the period to 68.1 U.S. cents, lifting the popular alt coin’s market capitalisation to US$26.7 billion. Ripple was the worst offender in the Google Trends data, with searches for “Ripple” down a massive 87% since early in 2018.

The BitcoinCash (BCH) price has pushed 4% higher over the last 24 hours to US$1,156.71 per token. This gives the Bitcoin spin off an increased market capitalisation of almost US$19.9 billion.

The EOS (EOS) price has risen 3.9% since this time yesterday to US$14.23. EOS now has a market capitalisation of over US$12.7 billion.

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May 13, 2018. The crypto market has managed to bounce back from Friday’s meltdown and has been pushing notably higher over the last 24 hours. On Tuesday Bitcoin Cash is expected to complete the Bitcoin ABC update which will increase its block size fourfold.

Much to the delight of crypto traders, the cryptocurrency market bounced back to life overnight with solid gains being seen across the board. The Bitcoin Cash (BCH) price has been the biggest moving major coin over the last 24 hours and is up 4.1% to US7.66 per token.

Outside the top five the gains weren’t quite as strong over the last 24 hours. The Litecoin (LTC) price rose 1.1%, Cardano (ADA) is up 2.6%, Stellar (XLM) is 0.4% higher, IOTA (MIOTA) has climbed 2.2%, and TRON (TRX) has pushed 2.2% higher.

What’s next?

Whilst it is great to see the market pushing higher overnight despite the negative news around Google search numbers, I wouldn’t get your hopes up just yet. I would suggest traders continue to sit on the sidelines as these gains could easily be wiped out by this time tomorrow judging by the negative sentiment in the market right now.

Pictures: Bitcoin: Everything you need to know

Bitcoin Price Plunges After Hack Of South Korean Exchange, Down 53 Per Cent Since December .
It's hard out there for people who play with imaginary money. Bitcoin and other cryptocurrencies plunged over the weekend after it was revealed that a South Korean exchange, <g class="gr_ gr_7 gr-alert gr_spell gr_inline_cards gr_run_anim ContextualSpelling ins-del multiReplace" data-gr-id="7" id="7">Coinrail</g>, was hacked.Bitcoin, the most popular cryptocurrency in the world, hit a record high back in December of 2017, reaching $26,017 in Australian currency.  It currently sits at roughly $8,877 and to say that the market has been volatile would be an understatement. The price has fluctuated wildly since December, as you can see from this graph by CoinDesk.

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