Cryptocurrencies soared in price

March 6, 2019   Bitcoin

Cryptocurrencies jumped at the launch of a Ethereum-based exchange product in Switzerland


The main cryptocurrencies went up sharply after the news that one of the major European exchanges - the Swiss SIX Swiss Exchange - launched trading in the exchange-traded product (ETP) based on Ethereum.

Meanwhile, some negative data on the market was introduced by the PwC report, which states that the WEX cryptobirth was used to derive the Bitcoin SamSam hackers. Bitcoin rate at 10.00 increased by 3.15% per day - up to $ 3,840 with a capitalization of $ 68.4 billion.

Ethereum by this moment has risen in price by 6.81% - to 136.6 dollars with a market cap of 14.5 billion dollars. The course of this cryptocurrency was also influenced by the offer of Parity Technologies, one of the developers of software for Ethereum, to carry out another hardfork cryptocurrency to restore access to frozen funds totaling $ 62 million.

Litecoin for the day went up by 11.5% - to 52.3 dollars, its capitalization amounted to 3.2 billion dollars. XRP by this time rose in price by 1.61% - to 0.31 dollars with a capitalization of 13 billion dollars. The overall capitalization of the digital currencies market has reached $ 132.3 billion.

Despite the current growth spurt, financial scouts believe that cryptocurrencies will soon return to negative dynamics: then the Bitcoin exchange rate may drop to $ 3,750 again, Ethereum could drop to $ 135, XRP - to $ 0.3, and Litecoin - to $ 50 .

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