They say a rising tide lifts all boats. <\/p>\n
Even as bitcoin surged above $1,500 late last night and crossed the $1,600 on several exchanges this afternoon the rest of the top 10 cryptocurrencies as listed by market capitalizationhave seen price increases of at least 8% today. <\/p>\n
Ripple's XRP token is emerging as the early winner, rising more than 40%, with an average price of about $0.079 across exchanges. Likewise, litecoin which has already seen significant price rises in recent days ahead of an expected adoption of the scaling solution SegWit is up about 22% on the day. <\/p>\n
And ether, the cryptocurrency underlying the ethereum network, is up about 14%, at an average price of roughly $89 to reach an all-time high. <\/p>\n
As reported by CoinDesk, the development comes amid a larger shift in the cryptocurrency markets that has seen an increasing diversificationaway from bitcoin. At press time, the Bitcoin Dominance Index, a measurement of the percent of the total market cap invested in bitcoin, had fallen below 60% for the first time in its history. <\/p>\n<\/p>\n
Still, analysts were largely short on comment when reached. <\/p>\n
While some pointed to the technical benefits of various platforms, others were at a loss for words, responding with simple statements such as \"WTF\" or crediting the increases to \"pumping and FOMO\". <\/p>\n
Industry entrepreneur and analystPaul Buitink perhaps summed up the events the best, however, adding simply: <\/p>\n
\"Everything is going up.\" <\/p>\n
Elevator imagevia Shutterstock <\/p>\n
Pete Rizzo contributed reporting. <\/p>\n
Altcoinspricemarkets <\/p>\n
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See more here: They say a rising tide lifts all boats. Even as bitcoin surged above $1,500 late last night and crossed the $1,600 on several exchanges this afternoon the rest of the top 10 cryptocurrencies as listed by market capitalizationhave seen price increases of at least 8% today. Continue reading
\nMarket Boom: The 10 Largest Cryptocurrencies Are All Up Today - CoinDesk<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"