The cryptocurrency market is back in the green today. Yesterday we saw Bitcoin hit its lowest level in a year falling below $5,500. It even briefly fell under $5,400. Today we saw it climb back over $5,600. Yesterday was a very tough day for the crypto market because of the bitcoin cash civil war. In the end, Bitcoin Cash forked into two different currencies, Bitcoin Cash SV and BitcoinCash ABC.
Cryptocurrency Exchange Binance supported the Bitcoin Cash hard fork. As a result of the hard fork, Binance decided to delist Bitcoin Cash and instead listed Bitcoin Cash ABC and Bitcoin Cash SV.
Out of the top 20 today, Stellar seems to be doing the best day as it gained more than 8% over the past 24 hours.
And yesterday Ripple’s XRP was finally able to overtake Ethereum. Ripple’s market cap is now over $19 billion. This week Ripple secured another major banking partner in Asia this week. ASEAN’s fifth largest bank, CIMB Group has announced that it will join RippleNet in order to utilize the firm’s cross border transfer products.
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