The entire crypto market has grown by $10 billion in the last 24 hours, rising from a low of $254 billion to its current valuation of $264 billion.

As it stands, Bitcoin Cash (BCH) is currently leading the top coins, up more than 9.5%. BCH now sits just north of $416—its highest value since July 2019.

Bitcoin Cash
BCH
+7.27%$430.05
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Price data by
BCH price

XRP isn't far behind and is now up almost 9%. After briefly reaching a high of $0.279, it has now fallen back to its current value of $0.273.

The Bitcoin network continues to grow at a steady rate. Image: Shutterstock.

Bitcoin breaks 500 million transaction milestone

The Bitcoin network has now processed 500 million transactions since it first went live on January 3, 2009. According to data site Satoshi—named after the pseudonymous inventor of Bitcoin—there have now been 500.0165 million transactions on the Bitcoin blockchain. The Bitcoin network had only seen 250 million transactions by 2017. Image: Satoshi. Satoshi, which only started tracking the number of transactions from late 2017, shows that there has been an increase in the number of transactions on...

NewsTechnology
2 min read
Tim Copeland

Ethereum (ETH) is also performing well, having gained 5% to reach over $196—gradually inching towards the $200 price point not seen for almost five months.

Conversely, in terms of percentage gains, Bitcoin (BTC) is experiencing relatively muted growth, after gaining just over two percent in this time. Bitcoin currently sits at $9,380, having added just over $3 billion to its market capitalization in the last day.

Although today's sudden bullish spike is currently mostly concentrated on altcoins, popular market analyst Mati Greenspan believes that Bitcoin could surge to over $10,000 by the end of today. If correct, Bitcoin would attain a value not seen since September 2019. But the market may not react to his optimism.

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