The cryptocurrency market retained a certain element of stability on Friday morning as most of the Top 10 currencies registered minor increases with some even outperforming others by considerable margins. BTC was up by around 4% to trade at the $6,450 level and was looking to make a push for the psychologically significant $6,800 mark later in the day as turnover picked up momentum.
Bitcoin Cash also showed a positive movement on Friday at press time after having dropped to around the $510 levels for much of Thursday. However, it rose to the $540 mark at press time on Friday and again increased turnover was demonstrating a healthy upward push. Ethereum began flirting with the $300 level again after having dropped to the $280 level on Thursday. Another coin which saw a considerable increase on Thursday was Ethereum Classic, which roared ahead by about 15% to reach the $14 mark but after its listing on Coinbase, it eventually fell back to around the $13.50 level at press time on Friday—a decrease of 5%.
Litecoin was sluggish although it did register a 5% increase on Friday morning at press time to trade at around the $56 level, whilst Ripple finally regained the $0.30 after two days of trading in the region of $0.26-$0.29—an increase of around 8%. NEO was also up by a considerable 9% to trade at the $17.30 level, whilst Stellar began recovering from its slump with a 4% increase to the $0.21 level. EOS and Cardano registered more modest gains of 3 and 5% respectively with the latter touching the $0.10 mark at press time on Friday.
Other currencies with smaller market caps recorded considerable gains. VET was up by a staggering 75% to the $0.014 level, whilst Ontology also shot up by no less than 40% to the $1.96 level, practically recovering all of the losses experienced in the past few days. ICX was also up by a considerable 21% to trade at $0.61 at press time on Friday, whilst IOTA was also up by a more modest 8% to the $0.48 level.