While Bitcoin’s advance has stalled since the coin approached the $8,000 area, major altcoins have kept the larger cryptocurrency alive. The second-largest digital currency on the market, Ether (ETH), has gained nearly 15% in the past 24 hours to top the $260 mark for the first time since early September. Earlier today, the Ether price hit $269.54, which was its highest level since September 5. The coin closed yesterday’s session at $247.15, according to data from digital currency tracker Coinmarketcap.
Other major digital coins, such as XRP, Litecoin (LTC) and Bitcoin Cash (BCH), have also risen to multiple-month highs, while Binance Coin (BNB) earlier today reached a new all-time high price of $27.58. But the standout performer in the past 24 hours has been Stellar Lumens (XLM), which has gained more than 23% in that period.
In today’s trading, the Bitcoin price stood at $8,054.80, as of 10:31 BST. The digital coin has gained 0.8% in the past 24 hours, Coinmarketcap data shows. The coin’s total market capitalisation currently stands at $142.6 billion, which represents 56% of the combined value of all digital currency.
Featured image: Wit Olszewski / Shutterstock.com
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source: https://theindependentrepublic.com/bitcoin-rally-slows-down-but-altcoins-pick-up-pace/
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