Bitcoin Sees Strongest 24-Hour Performance Since July, Total Market Cap Jumps $11 Bln
After the market crash, Bitcoin has soared back above $4,000, with all major cryptocurrencies seeing strong growth.
Wednesday, Nov. 28: After the dramatic Nov. 14 market dump, cryptocurrencies are staking major recoveries across the board, with all of the major coins seeing significant growth and scattered assets sealing double-digit gains, as data from Coin360 shows.
Market visualization by Coin360
Bitcoin (BTC) has soared 9.3 percent on the day, breaking above the $4,000 mark to trade at trade at $4,050 at press time. This major bounce has set Bitcoin on track for its strongest daily performance since July, according to a Reuters report published earlier today.
On the week, Bitcoin remains almost 16 percent in the red; monthly losses are at a stark 37 percent, according to Cointelegraph’s Bitcoin Price Index.
Bitcoin 24-hour price chart. Source: Cointelegraph’s Bitcoin Price Index.
Ripple (XRP) is up by a similarly strong 8.3 percent on the day to trade at $0.37 to press time. Today, with a market share of around $15 billion — as compared with Ethereum (ETH)’s $11.9 billion — the alt is holding on to its margin as second-largest ranked crypto asset.
Ripple’s weekly and monthly charts are also in the red, with losses of 21 and 18 percent respectively.
Ripple 7-day price chart. Source: CoinMarketCap
Third-ranked crypto by market cap Ethereum (ETH) has clawed back lost ground to grow 9.7 percent on the day, trading at $114 to press time. The asset’s intraweek low came perilously close to double-digits in fiat value amid the market tumble, and it remains down a hefty 23 percent on its weekly chart. On the month, Ethereum is down close to 44 percent.
Ethereum weekly price chart. Source: CoinMarketCap
All of the remaining top ten coins on CoinMarketCap are firmly in the green, with seventh largest ranked crypto Litecoin (LTC) up 10 percent on the day to trade at $32; altcoins Stellar (XLM) and Cardano (ADA) are also strong performers, seeing growth of 9.3 and 10.45 percent respectively.
Even embattled Bitcoin Cash (BCH) — which is down over 58 percent on the month, due to the fallout of its controversial