RATE Group | Bitcoin Price Regains $9,000 and Loom Spikes 45% as ERC20 Tokens Help $426 Billion Market
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Bitcoin Price Regains $9,000 and Loom Spikes 45% as ERC20 Tokens Help $426 Billion Market

02 May Bitcoin Price Regains $9,000 and Loom Spikes 45% as ERC20 Tokens Help $426 Billion Market

Posted at 12:05h in Bitcoin News by

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Bitcoin has remained in the $9,100 region throughout May 2 and has not recorded any major movement on the upside and downside. A strong performance by ERC20 tokens based on the Ethereum network such as EOS, Loom, Stratis, and WanChain led cryptocurrency market valuation to increase by $13 billion.

Tokens Continue to Perform Well

Over the past two weeks, since mid-April, tokens have continued to record strong gains against both bitcoin and the US dollar. Over the past 24 hours, Loom, Stratis, EOS, and WanCoin have demonstrated solid gains in the 5 percent to 45 percent range, leading the cryptocurrency market to add an additional $13 billion to its valuation. At the time of reporting, the valuation of the market remains at $426 billion.

Loom recorded a staggering 45 percent increase in value overnight, primarily because of the integration of LOOM by Binance, the world’s largest cryptocurrency exchange….

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