As reported earlier, the price of bitcoin saw a massive surge in the last 24 hours as it went from $7,400 to $10,000 in a jiffy. The surge in bitcoin had a noticeable impact on all the other major cryptocurrencies.
The price of EOS rose above to trade at $3.4090, up by over 20%. It was the largest one-day percentage gain since February 18. The sudden rise pushed the EOS market cap to $3.0755B, which is 1.23% of the total cryptocurrency market cap. The cryptocurrency had traded in a range of $2.5439 to $3.4217 in the past seven days.
Ethereum also saw a massive gain in the last 24 hours. At the time of writing, ETH is trading at $187. The price of Ethereu also broke the 20-day Simple Moving Average (SMA 20). This week the price of ETH remained between $160-$165.
Exactly one month ago, on September 24, the crypto market saw a massive crash as bitcoin crashed below $8,000 from around $9,500, which had also had an impact on the other major cryptocurrencies. Ripple’s XRP gained 10.15% in the last 24 hours. Currently, the XRP is changing hands at $ 0.30644. It was the largest intraday gain since May 19. The market cap of XRP has moved to $13.03481 billion after the sudden gain.