Bitcoin surges to $55,108 as cryptos bounce back

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The cryptocurrency market bounced back on Saturday, with the market capitalisation gaining 2.9 percent to reach $2.64 trillion as of 1350 hours GMT.

The largest cryptocurrency Bitcoin gained 1.31 percent to reach $55,108. With this increase in price, the market capitalisation of the biggest cryptocurrency has reached 1.04 trillion. Ether, the world’s second-largest cryptocurrency by market capitalisation, went up by 1.62 percent to reach $4,149.

With this increase in price, the market capitalisation of ETH has reached $487.5 billion. Similarly, XRP price inched up by 0.36 percent to reach $0.957. The market capitalisation of XRP stands at $95.7 billion after this increase.—TLTP

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