Bitcoin inches up to $56,846 in choppy trade

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The cryptocurrency market remained positive on Friday, with the market capitalisation gaining 1.2 percent to reach $2.77 trillion as of 1310 hours GMT.

The largest cryptocurrency Bitcoin price edged up by 0.44 percent to reach $56,846.07. With this increase in price, the market capitalisation of the biggest cryptocurrency has reached 1.07 trillion. Ether, the world’s second-largest cryptocurrency by market capitalisation, gained 1.25 percent to reach $4,598.

With this increase in price, the market capitalisation of ETH has reached $540 billion. Similarly, XRP price went slightly by 0.08 percent to reach $0.976. —TLTP

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