ETH, EOS and XRP rise massisvely following Bitcoin Price – What’s the reason behind market surge? – Cryptocurrency News

Following a sudden surge in the price of the leading cryptocurrency, major altcoins also saw noticeable growth. ETH, EOS, XRP gained the most among all major coins in the last 24 hours. ETH, which was trading at $161 before the price shot up to $190 before trading at $187.

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.

Jai Pratap
Jai Pratap
A Mass Media Graduate who loves to write. Jai is also a sports enthusiast and a big movie buff. He loves to learn new things.

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