Start the conversation
Ripple (XRP) prices today surged more than 20%, leading a global rally for cryptocurrencies.
Financial institution Santander has tapped Ripple's technology for its latest blockchain-based mobile payment application. The surge brought Ripple's market capitalization to above $25.1 billion, as trading on Asian exchanges absolutely exploded.
Meanwhile, the price of Bitcoin rallied another 5.3% and hovered above $8,000. The cryptocurrency has maintained its momentum a day after hitting an all-time record for volume traded in one hour.
Institutional investment from the likes of billionaire George Soros, the Rockefeller family, and the Rothschild family is helping to bring legitimacy to the crypto space.
Here is a recap of the top cryptocurrency prices at 3:00 p.m. EDT (returns in last 24 hours).
- Bitcoin: $8,079.45, +5.38%
- Ethereum: $512.35, +11.13%
- Ripple: $0.680, +20.16%
- Bitcoin Cash: $763.24, +7.79%
- Litecoin: $130.15, +7.26%
Now that we know all of today's price movements, here's what has been moving these cryptocurrencies…
Cryptocurrency News Today
On Friday, the market capitalization of the global cryptocurrency sector hit $326.53 billion
Bitcoin comprised 43.3% of the total cryptocurrency market, with a market cap of $137.15
The top performer in the space was Golem, which popped more than 67% over the last 24 hours.
Stunning: New Innovation Will Be Like "Adding Twin Turbos to the Bitcoin Engine" – and Could Send Its Price to $100,000. Learn More…
Other top performers from the top 100 cryptocurrencies included Bitcoin Private (up 28.51%), Bytom (up 23.94%), Wanchain (up 22.89%), Bytecoin (up 18.85%), Status (up 18.75%), Loopring (up 17.70%), Siacoin (up 17.18%), and Zcash (up 17.17%).
The worst performers from the top 100 cryptocurrencies included Centrality (down -7.77%), Mixin (down -4.97%), Aelf (down -0.12%), and Tether (down -0.11%).
Bitcoin Bulls Out in Force
Yesterday, cryptocurrency hedge fund Pantera Capital called a bottom for the price of Bitcoin.
"A wall of institutional money will drive the markets much higher," Pantera Capital CEO Dan Morehead said Thursday.
Also in Bitcoin bull news, Fundstrat co-founder Thomas Lee predicted on CNBC that Bitcoin will finish the year at $25,000.
Lee says that Bitcoin has been "incredibly oversold" and blamed tax selling as a major reason behind why cryptocurrency prices have slumped over the last few weeks.
Finally, billionaire Tim Draper said in a speech today that he expects Bitcoin to hit $250,000 by 2022.
"I'm thinking $250,000 a Bitcoin by 2022," Draper said.
"Believe it. They're going to think you're crazy, but believe it. It's happening and it's going to be awesome!"
The Shocking Reason Why We Think Bitcoin Could Hit $100,000 (and How You Could Make Millions)
Money Morning Defense and Tech Specialist – and cryptocurrency legend – Michael Robinson just revealed the little-known details regarding the future of Bitcoin… and why at any moment, it could be poised for a record-breaking rebound far beyond anything we've witnessed already.
Michael made a prediction about Bitcoin way back in 2013 – and folks who followed his advice stood to become 253 times richer. We'd venture to say not one in 10,000 people is aware of the massive profit potential unfolding right now.
Before the mainstream public gets any wiser, you need to see this now.
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.