On Wednesday, April 17, the cryptocurrency market is growing. According to the observations of experts, the leading virtual currencies have risen significantly. However, analysts consider this rise a temporary phenomenon.
According to the latest data, the Bitcoin rate rose by 2.83% per day to $ 5226. The capitalization of the primary cryptocurrency reached $ 92.5 billion. So far, the rate of Ethereum has increased by 2.04% to $166.6. The capitalization of the secondary digital asset amounted to $17.6 billion. The Ripple cryptocurrency (XRP) for the day strengthened by 0.31%, to $ 0.32 and its capitalization reached $13.6 billion. Also, the Litecoin rate rose by 0.87% to $80.4, its capitalization was $4.9 billion. According to experts, the total capitalization of the virtual currency market is $176.7 billion.
According to financial analysts, it will once again return to decline after a spurt and a brief increase in crypt markets. In the event of such a development, Bitcoin could fall to $5,100 in price and the Ethereum rate would drop to $165. As for the cost of the XRP, it would drop to $0.31 and Litecoin would fall in price to $79.
The material has been provided by InstaForex Company - www.instaforex.com