For the third day in a row, the market for the major cryptocurrencies continues to demonstrate signs of short-term recovery. Although volumes are much lower than during the highly volatile 4 month low in early February, the global prices are stabilizing. The MVIS CryptoCompare top 100 index dropped 1.69% in the last 24 hours to 4,609.68.
All the top 10 coins by 24 hour volume have posted gains, ranging from 2.5 to 19%, in the last 24 hours, with LTC having the biggest gain of 19% and Stellar the second biggest of 14.4%.
Ripple posted a moderate gain of 2.68% in the last 24 hours and is currently sitting at $1.01. The Bitcoin Cash price has risen 3.32% to $1,253, while EOS and NEO both posted a gain of 4%, and are currently valued at $9.09 and $112 respectively. Tronix was the top 10 coin with the smallest change, showing a gain of 2.57% to $0.0439.
Starting today, Australia’s largest bank banned its customers from buying Bitcoin using credit cards. Citing a lack of regulation and high volatility, the Commonwealth Bank of Australia (CBA) has discontinued credit card purchases of cryptocurrencies. The restriction will not extend to banking customers who will still be able to buy and sell cryptocurrencies using their debit cards.
At the time of writing, the Bitcoin price is sitting at $8,852 representing a gain of 3.8% in the last 24 hours. More than $750M worth of BTC were exchanged in the BTC/USD market representing a 22.2% share of global daily volume. The BTC/JPY pair represents a 53.7% share.
The Ethereum price has risen 3.66% over the past 24 hours and is currently sitting at $863, with over $230M worth of Ether exchanged in the past 24 hours on the ETH/USD pair which has a 25% market share of the global daily trading volume.
The Litecoin team has announced the launch of LitePay, a self-styled instant payment platform. The LitePay payment processor will officially launch on the 26th of February according to the company’s official Twitter feed. The system will enable retailers to accept LTC payments instantaneously, regardless of where their customers are located. Through a LitePay card, users can make payments to global merchants worldwide.
The Litecoin price has risen 19% over the past 24 hours and is currently sitting at $184, with over $115M worth of LTC exchanged in the past 24 hours on the LTC/USD pair which has a 27.6% market share of the global daily trading volume.
The Ethereum Classic price has risen 9.7% over the past 24 hours and is currently sitting at $33.9, with over $105M worth of ETC exchanged in the past 24 hours on the ETC/USD pair which has a 17% market share of the global daily trading volume.