Wednesday, Oct. 9 - Bitcoin continues its rebound, jumping $400 in a few hours, while altcoins rally in sync with BTC.Cryptocurrency market daily overview.
Ether followed suit and rallied in sync with most of its fellow altcoins, showing a more than decent gain of nearly 7% on the day.
The second-biggest cryptocurrency by market cap hit its intraday low at $179 and has since found its way to $191.58 per coin at press time.
Its price is still down 14% from the high of $222 in mid-September.
Bloomberg reported that the overall impressive price gains are partly the result of an update on the development of the next-generation Ethereum network and new financial apps at the Devcon 5 conference, currently happening in Osaka, Japan.
"Today, and starting over the last week, we've seen a resurgence of interest in alt-coins. The leaders in that regard have been Ethereum and Ripple."
Ripple's XRP is showing positive gains of 2.68% over the past 24 hours and is trading at about $0.281 per coin at press time.
Cointelegraph recently reported that the United Kingdom-based financial software firm Finastra partnered with Ripple to join RippleNet, a global blockchain payments network with over 200 members, to provide faster and cheaper cross-border payments.
Ethereum Classic, the number 20 coin by market capitalization, is up 11.33% on the day, while Chainlink takes the title of the biggest gainer among the top cryptos at press time, up nearly 14% on the day.
The overall cryptocurrency market cap increased from $222 billion to $232 billion, with Bitcoin making up 66.7% of the total.
Bitcoin Price Rallies to Touch $8,600 While Altcoins Follow
Udgivet den Oct 9, 2019
by Cointele | Udgivet den Coinage
Korean crypto company Contents Protocol to shut down and refund 27000 ETH
Contents Protocol, a Korean crypto startup focused on content exchange, announced that it will shut down due to a lack of business prospects and regulatory uncertainties.
Bitcoin Coders Confront an Old Quandary: How to Upgrade an Entire Network
An old debate is resurfacing in the bitcoin developer community, underscoring one of the critical challenges facing decentralized systems: how to update the software when ostensibly no one's in charge.
Policymakers Shouldn't Fear Digital Money: So Far It's Maintaining the Dollar's Status
"An awful lot of our international power comes from the fact that the dollar is the standard unit of international finance and transactions. Clearing through the NY Fed is critical for major oil and other transactions, and it is the announced purpose of the supporters of cryptocurrency to take that power away from us, to put us in a position where the most significant sanctions we have on Iran for example would become irrelevant."
Bitcoin Bulls Back in the Driving Seat as Price Crosses $10K
View.Bitcoin jumped above back $10,000 on Tuesday, reinstating the bullish trend and opening the doors for further gains toward $10,500.