Bitcoin, still by a long way the largest cryptocurrency by market capitalization, has been making up ground after being left in the dust by one of it's biggest rivals litecoin this week...
, has been making up ground after being left in the dust by one of it's biggest rivals, litecoin, this week.
The bitcoin price is now up more than 5% over the last 24 hour trading period, touching $8,720 on the Luxembourg-based Bitstamp exchange, andBitcoin has been rallying hard today after the litecoin price made significant gains over the last week.Bitcoin and cryptocurrency traders and investors have been closely watching the bitcoin price after litecoin, arguably the biggest rival to bitcoin and often known as"the silver to bitcoin's gold," has powered higher over recent weeks.
Litecoin has risen by more than 300% so far this year and is up a staggering 43% over the last month alone. Bitcoin, in comparison, is more-or-less flat over the last month,"If litecoin is indeed the leader, let's look out for a bitcoin breakout this week," said Mati Greenspan, senior market analyst at brokerage eToro, via
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