The market for digital currencies was on top

On Wednesday, April 17, the cryptocurrency market is growing. According to the observations of experts, the leading virtual currencies have risen significantly. However, analysts consider this rise a temporary phenomenon.

According to the latest data, the Bitcoin rate rose by 2.83% per day to $ 5226. The capitalization of the primary cryptocurrency reached $ 92.5 billion. So far, the rate of Ethereum has increased by 2.04% to $166.6. The capitalization of the secondary digital asset amounted to $17.6 billion. The Ripple cryptocurrency (XRP) for the day strengthened by 0.31%, to $ 0.32 and its capitalization reached $13.6 billion. Also, the Litecoin rate rose by 0.87% to $80.4, its capitalization was $4.9 billion. According to experts, the total capitalization of the virtual currency market is $176.7 billion.

According to financial analysts, it will once again return to decline after a spurt and a brief increase in crypt markets. In the event of such a development, Bitcoin could fall to $5,100 in price and the Ethereum rate would drop to $165. As for the cost of the XRP, it would drop to $0.31 and Litecoin would fall in price to $79.

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The material has been provided by InstaForex Company - www.instaforex.com