Story by: Billy Bambrough
Ethereum and Ripple’s XRP are leading the field today while bitcoin, up a staggering 58% over the last 30 days, is cruising at a little more than $8,000after adding over $2,000 per bitcoin since late last week.
XRP, the tradeable token developed by the company Ripple, has added almost 15% over the last 24 hour trading period, while ethereum is up by some 12%—both hitting year-to-date highs over the last few days.
The bitcoin price is meanwhile taking a break from its surge higher, trading sideways over the last 24 hours as investors process the sudden change in the bitcoin price that added some $50 billion to the overall cryptocurrency market over the weekend.
Ethereum and Ripple’s XRP have climbed sharply this week as the bitcoin and cryptocurrency industry comes together for one of the biggest events in the cryptocurrency calendar starting—Blockchain Week NYC and CoinDesk’s Consensus 2019 event, running all this week out of the New York Hilton Midtown.
Bitcoin and cryptocurrency analyst Nik Patel has meanwhile found that, historically, after bitcoin surges higher smaller cryptocurrencies such as ethereum and Ripple’s XRP generally rally hard in the aftermath.