RATE Group | Cryptocurrencies are Looking Bullish as Market Cap Shatters 6-Month High
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Cryptocurrencies are Looking Bullish as Market Cap Shatters 6-Month High

07 Feb Cryptocurrencies are Looking Bullish as Market Cap Shatters 6-Month High

Posted at 00:18h in Cryptocurrency News by

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  • The crypto market cap peaked near $278 billion on Thursday, the highest since August.
  • Bitcoin reached an intraday high of $9,856.43, its best level since September.
  • Despite seeing impressive results, bitcoin is being outperformed by its lesser-known altcoin peers.

Bitcoin and the broader digital asset market advanced on Thursday, extending an impressive streak of gains that has pushed the total market cap to six-month highs.

Cryptocurrencies Ascend

Most of the top cryptocurrencies in circulation printed fresh gains on Thursday. Bitcoin peaked at $9,856.43 on Bitstamp, the highest since September. The largest cryptocurrency is up more than 36% year-to-date, easily outperforming the broader financial market.

Bitcoin is approaching the psychological $10,000 handle with greater conviction. | Chart: TradingView

Ethereum rose nearly 5% to $212.33. The so-called developer’s cryptocurrency is up more than 63% since the year began.

XRP was last seen hovering just north of $0.2800, up…

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