The cryptocurrency markets recovered on Thursday following a drowsy performance on Wednesday. Bitcoin continues dominating, climbing its way to a new all-time high of $4,739. Meanwhile, Ethereum price continues to scale toward $400. All things considered, 80 of the best 100 digital currencies gained ground, increasing the overall crypto market cap to a record-breaking high above $170 billion.
Bitcoin Price New All-time High
Prices moved as high as $4,723, in the wake of opening at roughly $4,630. The gains come a day after bitcoin’s price increased to $4,703, outperforming the past market high set on August 18.
Stock Analyst and Standpoint Research founder Ronnie Moas stated recently that he sees bitcoin’s price to reach $20,000 in the next three years. According to Ronnie, we are still seeing only the tip of the iceberg.
Ethereum Price Continues To $400
Ether, the cryptocurrency of the Ethereum network, at the present moment, it’s trading at around $385.68 – a price that is still beneath the all-time high reported in June but higher than the gains reported earlier this week. $36,36 billion is Ethereum’s market cap as of this moment.
Altcoin markets were disappointing on Wednesday, but nearly all cryptocurrencies recovered on Thursday.
Ripple and Litecoin had a 5% bump, meanwhile Dash experienced a 2% increase. Bitcoin cash price finally experienced a 5.4% climb to $595 after a week-long decline.
NEM was the only one of the top ten cryptocurrency to increase more than 10%. For the day, the NEM price increased 13% and currently sits at $0.329. Its market cap is now less than $30 million away from surpassing $3 billion.
Monero price increased 9.60% to $140, meanwhile the IOTA price returned 2% gain.
The market’s solid execution expanded the $1 billion club participation to yet another record. OmiseGO crossed $1 billion surprisingly, joining Hshare and Qtum to raise the club’s total membership to a record high of 14. However, each of these three digital currencies has a market cap floating near the $1 billion edge, so it’s imaginable that at least one or more of them will slip it during even a minor market contraction.