The crypto market has bounced back with a bang overnight on Thursday. This has led to the total value of the cryptocurrency market rising to US$291.1 billion according to Coin Market Cap, up over 8.5% since this time yesterday.

Here is the state of play on Friday morning: The Bitcoin (BTC) price has pushed 6% higher over the last 24 hours to US$6,696.34 per coin, increasing its market capitalisation to US$114.5 billion. Despite concerns over price manipulation, hacking, and bearish trader sentiment, Bitcoin has managed to make a significant push higher overnight.

The Ethereum (ETH) price has stormed 10% higher to US$519.89 per token, taking ETH’s market capitalisation up to US$52 billion. Ethereum received a boost overnight when the Wall Street Journal reported that a senior U.S. Securities and Exchange Commission official has revealed that the cryptocurrency will not be regulated as a security.

The Ripple (XRP) price has surged 8.8% higher during the period to 57 U.S. cents, increasing the popular alt coin’s market capitalisation to just under US$22.4 billion. The BitcoinCash (BCH) price has risen 8% since this time yesterday to US$898.12.

The Bitcoin offshoot now has an improved market capitalisation of just under US$15.5 billion. The EOS (EOS) price has been the biggest mover amongst the major coins over the period with a 13.5% gain to US$11.47. Read more from au.finance.yahoo.com…

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