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Cryptocurrencies extend gains, bitcoin above $8,000

Cryptocurrencies extend gains, bitcoin above $8,000

Mubasher: Digital currencies on Friday continued rising, while bitcoin exceeded the $8,000 level, with some optimistic views suggesting a strong rebound in the virtual currency market.

By 03:30 pm GMT, bitcoin grew by 5.8% to around $8,063.5 at a market capitalisation of about $136.9 billion.

Similarly, ethereum jumped by 10.31% to $511.07, and ripple surged 18.84% to around $0.664, reflecting a considerable decrease in consumer fears over the tight cryptocurrency trading regulations and the analysts’ forecasts that these currencies are just a bubble.

With these sharp gains that mark some 2-week highs, total market cap for all currencies last reached around $324.9 billion.