Bitcoin Nears $20K on Moderate Cryptos Rally
Bitcoin price is nearing $20,000 per unit against on Wednesday after the largest crypto currency asset washed off value due to bearish trading sessions on exchanges.
With about 2% gain in capitalisation, market analysts reported that most major digital assets rose as of Wednesday late afternoon, tracking gains in US equity markets.
Trading data across exchanges shows that Bitcoin (BTC-USD), the largest crypto currency by market value, rose 2.1% in the past 24 hours to $19,543, according to CoinDesk data. Trading volume was at $54.48 billion, down 2.6%.
The most well-known crypto currency is currently down more than 58%, compared with 30% for the tech-heavy Nasdaq 100 index and 22% for the S&P 500 index. READ:FGN Eurobond Sees Attractive Yield, Nearing 9%
Ethereum (ETH-USD), the second-largest digital asset, inched 0.8% higher at $1,332.
Ten additional digital assets posted gains in the low to high single-digit percentage range. Kava.io (KAVA-USD), the 19th-largest digital asset, saw the biggest move, climbing 9%.
Meanwhile, XRP (XRP-USD) and Cardano (ADA-USD), the third- and fourth-largest digital assets, fell 2.2% and 1.1%, respectively.
The overall market capitalization of the crypto currency industry rose 1.3% in the past 24 hours to $979 billion, according to CoinGecko data.
# Bitcoin Nears $20K on Moderate Cryptos Rally#