Crypto market surges by $10 billion in a day

Altcoins lead the market, but one market analyst reckons Bitcoin might break $10,000 by midnight.

1 min read

Feb 5, 2020

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.

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.

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.

Get crypto news straight to your inbox--

sign up for the Decrypt Daily below. (It’s free).

Get Email!

Gary Gensler Is Leaving the SEC, But Robinhood Exec Dan Gallagher Doesn't Want the Job

Robinhood Chief Legal Officer Dan Gallagher isn’t interested in serving as the next chairman of the Securities and Exchange Commission (SEC), expressing content with his current role at the popular investing platform. "It is always an honor to have your name in the mix for an incredibly important job like SEC Chairman,” Gallagher told Decrypt in a statement. “However, I have made it clear that I do not wish to be considered for this position.” Gallagher’s statement follows SEC Chair Gary Gensler...

Dogecoin Rising as Bitcoin Nears $100K—But XRP and Other Alts Are Hotter

Bitcoin may still be trying to break the long-anticipated $100,000 per coin mark after a few close calls over the last day, but various altcoins are on the rise—including Dogecoin. One of them is Dogecoin, the seventh biggest coin by market cap. It hit $0.4126 early Friday afternoon, the highest mark seen in over a week, with its daily gain at nearly 7% at the current price of $0.4114. DOGE is now up almost 15% on the week. The original meme coin had slowed down its run in recent days after skyr...

Polymarket Blocks Users in France After Trump Betting Controversy

After weeks of escalating tensions between Polymarket and the French government, the popular prediction betting market opted to block France-based users on Friday—cutting out a major market for the site. Users attempting to access the site from France today found a new pop-up preventing them from doing so. “You appear to be located in the United States, France, or another related jurisdiction,” the new pop-up reads. “Trading is not available to U.S. persons, persons located in the United State...

News

Courses

Deep Dives

Coins

Videos