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EOS moved into the top five cryptocurrencies by market capitalization after a 22% jump in EOS prices Thursday.
The uptick in EOS has been tied to the eosDAC airdrop, which is scheduled to occur on April 15. During that time, Ethereum wallets holding at least 100 EOS tokens will receive an equal amount of eosDAC tokens, according to CCN.
Here is a recap of the top cryptocurrency prices at 11:30 a.m. EDT (returns in last 24 hours).
- Bitcoin: $7,608.43, +9.69%
- Ethereum: $464.13, +10.20%
- Ripple: $0.553, +11.10%
- Bitcoin Cash: $707.67, +8.11%
- EOS, $8.83, +22.42%
- Litecoin: $121.48, +5.42%
Now that we know all of today's price movements, here's what has been moving these cryptocurrencies…
Cryptocurrency News Today
On Thursday, the market capitalization of the global cryptocurrency sector hit $297.90 billion
Bitcoin comprised 43.3% of the total cryptocurrency market, with a market cap of $129.00 billion.
The top performer in the space was Mithril, which skyrocketed 141.80% over the last 24 hours.
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The coin and project's partners and advisors include Pantera Capital, Sora Ventures, and QTUM Foundation.
Other top performers from the top 50 cryptocurrencies included Steem (up 42.64%), Bitcoin Private (up 21%), Cardano (up 18.67%), Loopring (up 17.42%), Zilliqa (up 16.87%), IOTA (up 16.60%), Bytom (up 16.45%), BitShares (up 16.21%), and OmiseGo (up 15.62%).
The worst performers from the top 50 cryptocurrencies included Bitcoin Diamond (down -5.25%), Ontology (down -0.24%), and Tether (down -0.16%).
Bitcoin Prices Push Past $7,000
A short squeeze occurs when individuals who are betting against an asset are forced to buy it in order to exit their positions.
Markets have also been anticipating that prices would push higher should investors begin to pile back in around tax season.
As we noted yesterday, the cryptocurrency bear market is looking to wind down and present investors with a number of attractive buying opportunities.
Today, some of the biggest cryptocurrency news is about a bank being sued because of fees added to attempted cryptocurrency purchases…