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Litecoin prices surged past $70, and the global cryptocurrency market climbed past $172.1 billion. In the last two months, that figure is up roughly 100% as more and more capital continues to pour into the industry.
The Rise coin was the top performer of the last 24 hours. The cryptocurrency surged more than 132%. Other top performers included Groestlcoin (up 52.6%), Okcash (up 40.32%), Nav Coin (up 39.06%), and Pinkcoin (up 36.77%).
Today's top decliner was Reecoin. The cryptocurrency plunged more than 61% in value over the last 24 hours. Other coins to take a big hit today include USD-e (down 31.9%), Monaco (down 24.89%), Blakecoin (off 18.68%), and Unity Ingot (off 16%).
Below is a recap of the top cryptocurrency prices at 3:30 p.m. EDT.
Bitcoin: $4,730.98, +3.80%
Ethereum: $383.15, +0.47%
Litecoin: $70.42, +13.48%
Ripple: $0.2439, +8.02%
Bitcoin Cash: $587.41, +5.02%
Now that we know all of today's price movements, here's what has been moving these cryptocurrencies…
Bitcoin Prices Today: Bitcoin Hits All-Time High
The price of Bitcoin hit a new all-time high Thursday thanks to increased capital flows into initial coin offerings (ICOs) and optimism following a huge recommendation on Wall Street.
Markets were still cheering analyst Ronnie Moas, who projected that Bitcoin could surge between $15,000 and $20,000 within the next three years.
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Moas has a mid-2018 price target for Bitcoin at $7,500. Moas argues that digital currencies will become an important hedge in investor portfolios in the years ahead.
Ethereum Prices Pushing Toward $400
The Ethereum price was rising again to record territory and flirting with the potential of $400 per unit in the near future.
ICOs have played a large role in Ethereum's recent rise since the concerns about the health of the industry back in late August. The price of Ethereum is up more than 100% in the last five weeks.
Today, a lot of optimism came from the popular messaging application "Kik," as it announced a successful $50 million presale of its token ahead of a September ICO.
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Many markets are also anticipating that ride-sharing giant Uber may also explore its own cryptocurrency in the wake of its hiring Bitcoin-friendly CEO Dave Khosrowshahi.
Litecoin Prices Hit All-Time High
Litecoin hit an all-time high Thursday as the coin continues its incredible run.
One research analyst called for Litecoin to reach $200 by the end of the year.
NEO Prices Remain Volatile
NEO looked to be making a comeback after nearly a week of sharp downturns. The price recently topped $50.00 per coin, but it has since declined to around the $33.00 range.
Advocates have claimed that NEO is the "Ethereum of China."
However, implementation of such a lofty goal has gotten harder, as the Chinese government appears to be showing a great deal of hesitance to embrace the cryptocurrency markets.
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Tags: cryptocurrencies