Crypto Market Explodes, Bitcoin Gains 8%, Ether Jumps 13%

Crypto Market Explodes, Bitcoin Gains 8%, Ether Jumps 13%

Even after the pull-back, Litecoin remains by far the best performer in the currency top 10 and has now gained more than 10% over the past 24 hours. One Litecoin coin can now be purchased for approximately $37.59 or 0.01089364 BTC on major cryptocurrency exchanges including Bitsane, Bitso, CoinBene and WazirX.

All major cryptocurrencies are in green, and according to experts one of the reasons that fueled the recent momentum of the market can be the support of the approval of a Bitcoin exchange-traded fund (ETF) by the U.S. Securities and Exchange Commission (SEC) commissioner Robert Jackson.

Dogecoin (DOGE) traded down 0.9% against the dollar and now trades at $0.0018 or 0.00000054 BTC.

The Bitcoin price has steadily dropped since it reached an all-time high of almost $20,000 in December 2017, enabling many Bitcoin, cryptocurrency and blockchain startups to cut jobs or completely close down and keeping investors anxious for signals of how the market will move next.

Syscoin (SYS) traded 0.5% lower against the dollar and now trades at $0.0400 or 0.00001160 BTC. However, the same can not be said about the past 24 hours given that it has spiked from $3,450 and high enough to test the $3,700 price point before retracting.

Polymath (POLY) traded up 4.5% against the dollar and now trades at $0.0906 or 0.00002625 BTC.

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Matrix AI Network (MAN) traded up 8% against the dollar and now trades at $0.0767 or 0.00002221 BTC.

Gulden (NLG) traded up 8% against the dollar and now trades at $0.0186 or 0.00000547 BTC.

The Litecoin price appreciated to $37 after falling below last month's psychological $30 price in the midst of a Bitcoin and cryptocurrency bear market that has been pulling down the industry for the past 13 months. Its genesis date was October 13th, 2011. Litecoin's total supply is 60,365,252 coins. The official message board for Litecoin is litecointalk.io. The official website for Litecoin is litecoin.com. The Reddit community for Litecoin is /r/litecoin and the currency's Github account can be viewed here. Litecoin's official Twitter account is @LitecoinProject and its Facebook page is accessible here.

Recently, the daily trading volume of Bitcoin (BTC) has been increasing significantly. Investors seeking to acquire Litecoin using US dollars directly can do so using GDAX, Gemini or Changelly.

Litecoin plunged to a low of about $22 late past year as the so-called crypto-winter took its toll, about 93% down from its all-time high.

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