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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
The price of Bitcoin climbed well past $7,000 today, and the surge in Bitcoin prices was most likely due to a short squeeze.
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…
JPMorgan Faces Backlash Over Crypto Fees
About the Author
Garrett Baldwin is a globally recognized research economist, financial writer, and consultant with degrees from Northwestern, Johns Hopkins, Purdue, and Indiana University. He is a seasoned financial and political risk analyst, with a focus on stocks, hedge funds, private equity, blockchain, and housing policy. He has conducted risk assessment projects for clients in 27 countries, and consulted on policy and financial operations for some of the nation's largest financial institutions, including a $1.5 trillion credit fund, a $43 billion credit and auto loan giant, as well as two of the largest Wall Street banks by assets under management.
Garrett joined Money Map Press as an economist and researcher in 2011, specializing in alternative strategies with an emphasis on fundamental and technical analysis.