Broad rally for bitcoin and its crypto rivals

Cryptocurrencies were broadly higher on Wednesday following a price slump that, on Tuesday, took the total market capitalisation of the sector below $200bn for the first time since November.

Bitcoin price seeking support above $6,000

Bitcoin led the rally and its price rose back above the key $6,000 level – a support level it has only fallen through three times in 2018. Nevertheless, bitcoin has fallen 26% in the last three weeks.

Ethereum has been among the worst performers during the recent slump, falling 41% since 27 June.

Price round-up

On Wednesday, however, prices were higher. Here’s a round up of the moves in the top 10 cryptos at 10.30am [London time]:

• Bitcoin +5.8% at $6,392
• Ethereum +6.7% at $283.82
• Ripple +7.6% at $0.28
• Bitcoin cash +3.7% at $513.91
• Stellar lumens +4.2% at $0.22
• Eos +5.1% at $4.61
• Litecoin +8.5% at $55.83
• Cardano +4.4% at $0.10
• Tether unchanged at $1
• Monero +4.7% at $89.23