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#Bitcoin#Price Recovers Past $10,000 as #Market Halts Mid-Week Slide
Bitcoin Price Recovers Past $10,000
The minor recovery enabled the Bitcoin price to climb back above the psychologically-important $10,000 barrier after briefly slipping below it on Thursday. At present, Bitcoin is valued at $10,199 on #Bitfinex, which represents a single-day increase of about 0.4 percent but a six percent increase from its intraday low of $9,583. Bitcoin now has a $174.1 billion market cap, which sets its market share at 38.5 percent.
The moderate #recovery is potentially linked to the news that #stock trading app Robinhood had begun rolling out its #cryptocurrency#trading service, which was first announced in January.
The service is #currently only available to a limited number of users in five #US states, but the #company#intends to quickly expand this in the coming months. Investors are largely bullish on the fact that most of Robinhood’s 4 million registered users will soon have the ability to trade Bitcoin and #Ethereum — with more #cryptocurrencies likely to follow.
Ethereum Price Leads the Large Cap #Index
Although Bitcoin managed to recover back to a psychologically-important checkpoint, it was unable to advance much further. The Ethereum price, on the other hand, achieved an index-best six percent rally, raising its value to $867 on #Bitfinex. Ethereum’s #marketcap is now valued at $85.5 billion, placing its share of the index just a few points below 20 percent.
#Altcoin#Prices#Post Mixed #Advance
The remaining large-cap altcoins achieved a mixed advance, with most cryptocurrencies remaining close to the index.
The Ripple price and Bitcoin Cash price each rose two percent and are currently trading at $0.95 and $1,272, respectively. Litecoin and Cardano, meanwhile, largely held steady at their previous-day levels.
The EOS price rose four percent, trailing only Ethereum among top 10-cryptocurrencies, and NEO’s one percent increase tracked the index.
Stellar, the ninth-largest cryptocurrency, posted a single-day decline of one percent, reducing its price to $0.36, while IOTA rounded out the top 10 with a two percent increase to $1.75.