Bitcoin maintains bullish run as altcoins gain momentum

Bitcoin

The world’s most traded cryptocurrency has continued to maintain its bullish run despite a marginal drop in prices.

Just as Bitcoin regained its bullish appreciation in prices, the world’s most trade digital currency with over 60% of total market capitalization has now seen major competition from altcoins- other cryptocurrencies that also largely traded used for various means.

Ethereum, a digital currency used to power smart contract applications has retained a strong position with price appreciation of close to 36% in the last one week. While Ethereum was badly battered by the huge crash in digital currency prices, its price now stood at $229 per ETH as at the time of writing this report.

Ripple (XRP), a digital currency known for its speed of transaction has also appreciated by more than 9% in the last 24 hours keeping its price steady at $0.4 per XRP.

Other major altcoins such as Bitcoin Cash and Litecoin have also seen rising prices on various cryptocurrency exchanges.