Cryptocurrency

The major cryptocurrencies have held value in the last 24 hours, while the second most valuable coin, Ethereum, jumped in value.

At the time of writing (7am UK), Ethereum (ETH) had broken $2,100 after gaining 7% in 24 hours and is up 9% in a week.

The solid performance by almost all the top 100 coins after widespread gains in the previous 24 hours could be a sign that the market is maturing following recent tough regulatory action.

Following China’s ban on cryptomining, Bitcoin’s mean hash rate – the amount of computational power being expended to verify and secure the blockchain network – fell to its lowest level since May 2020 on Sunday. More than half of the world’s miners are based in China.

Financial watchdog the FCA then banned the world’s largest crypto exchange – Binance – from conducting any regulated activity in the UK.

FCA bans crypto exchange Binance from regulated activity in UK

However Bitcoin (BTC) is hovering just below $35,000, where it was on both Monday and Friday morning. Its seven-day price is up 6%.

Binance Coin (BNB) rose nearly 3% to $294 and is 5% up in a week.

Ripple’s XRP token is up 2% in 24 hours to 65 cents and 6% up in a week.

Cardano (ADA), is at $1.33 after a 1% rise. It is 11% higher than its value seven days ago.

Dogecoin (DOGE) – which was created as a crypto parody – is just below 26c, where it was on Monday morning. The meme coin was extremely volatile last week, with large-scale losses then gains, but is a third up on its price last Tuesday morning.

The overall market cap of the approximate 10,700 coins is at $1.4 trillion, a 2% increase in 24 hours.

Scaleup fighting crypto crime set for UK growth

Kusama (KSM), Compound (COMP) and Elrond (EGLD) all rose more than 20%.

The only coins among the top 100 to drop any significant value were Quant (QNT) and Celo (CELO), 6% and 3% respectively.

To see how the valuations of the biggest movers and shakers – and main coins – have changed over the last few days, click here.

For valuations of the top 250 coins by market cap (updated every 15 minutes), their market cap plus 24-hour price change and volume traded, see below. 

Cryptocurrency