Cryptomarket still goes up this week

The ascent of the virtual currencies market is continuing, investors in digital assets continue to play a number of positive news significant for the market. Thus, the active growth of cryptocurrencies began after reports that the US investment giant Morgan Chase began developing its own digital currency. In addition, market participants drew attention to the transaction for the sale of fertilizers between companies in Argentina and Paraguay, which took place in bitcoins. Moreover, Ilon Mask, told that cryptocurrencies are in many ways superior to traditional money.

At 11.00, the Bitcoin exchange rate grew by 4.98% - up to $ 3,897 with a capitalization of $ 69.3 billion. Ethereum by this time has added in price by 0.49% - to $ 142.5, its capitalization amounted to $ 15.2 billion. XRP per day increased in price by 0.62% - to $ 0.325 with a capitalization of $ 13.5 billion. Litecoin went up by 1.47% - to 47.6 dollars with a capitalization of 2.9 billion dollars. The overall crypto market cap has reached $ 133.4 billion.

However, a negative for digital assets was the message that the Chinese mining company Bitmain suffered losses in the amount of $ 500 million in the third quarter of 2018 amidst a decline in the digital currency market. It is likely that the crypto market will continue its upward movement quite soon, though in the longer period it might return to decline. According to financial scouts, the rate of Bitcoin can grow to $ 4,000, Ethereum - up to $ 145, XRP - up to $ 0.35, and Litecoin - up to $ 50.