Hot on the heels of bitcoin surging to multi-month highs, other major cryptocurrencies are also posting strong moves upward.
Hot on the heels of bitcoin surging to multi-month highs, other major cryptocurrencies are also posting big moves upward.
Ethereum and XRP are the second and third-largest cryptocurrencies by market capitalization, according to Coinmarketcap. While bitcoin has by far the largest market cap of any digital token, ethereum and XRP hold the second and third positions, respectively. For its part, Bitcoin jumped more than 21 percent higher over 24 hours to $5,062.57, according to Coindesk.
Given the small daily trading volume of bitcoin,"that order would be enough to have an impact," said Hunter Horsley, CEO of Bitwise, which is in the process of applying for the first-ever bitcoin exchange-traded fund.
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