Much to the delight of traders, it has been a positive day of trade for the cryptocurrency market again. With strong gains being seen across the board, the value of the entire market has surged almost 8% higher since this time yesterday to US$274.8 billion according to Coin Market Cap.

While the Bitcoin (BTC) price will take a lot of the headlines for its 4.8% gain over the last 24 hours, it is actually the laggard of the group. Also read: The surprising product making Woolworths rich” data-reactid=”21″>Also read: The surprising product making Woolworths rich Also read: Aussie dollar tipped to crash further, here’s how to profit” data-reactid=”22″>Also read: Aussie dollar tipped to crash further, here’s how to profit No less than seven of the top ten cryptocurrencies have carved out double-digit gains during this time as traders fight to get hold of beaten down alt coins.

This has led to the Ripple (XRP) price rising 11.3%, BitcoinCash (BCH) climbing 10.8%, EOS (EOS) surging 14.3%, Litecoin (LTC) storming 11.6%, Cardano (ADA) pushing 15.7% higher, Stellar (XLM) jumping 11.6%, and IOTA (MIOTA) rocketing 12.4%. The only coin in the top ten (and the top 40 for that matter) that isn’t in positive territory today is Tether (USDT).

It has missed out on these sizeable gains and has edged lower. research paper from the European Parliament which has given cryptocurrencies a surprise tick of approval.”

data-reactid=”31″>The gain appears to be related to the release of a research paper from the European Parliament which has given cryptocurrencies a surprise tick of approval. The paper states that: “Virtual currencies are a contemporary form of private money. Read more from au.finance.yahoo.com…

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