Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See ‘Rough Waters’

Digital currency markets have increased significantly in value during the last 24 hours as the market capitalization of all 5,700+ coins is up over 2.4% on Friday. Bitcoin has been inching toward the $12k region again and ethereum touched a high over $442 a coin during the afternoon trading sessions.

Crypto Market Cap Crosses $365 Billion

The market valuation of all the crypto assets in existence is around $365 billion on Friday afternoon as a number of coins have seen decent percentage gains. Bitcoin (BTC) is trading just above the 11,800 zone and is up 2.7% today. BTC is also up over 28% in the last 30 days and 26% for the last 90 days. The forerunner in the top ten on Friday is ethereum (ETH), which has gained more than 12% during the last day and ETH is also up 85% during the last 30 days. ETH is currently trading for $442 per coin at the time of publication.

Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See 'Rough Waters'
Top six crypto assets on Friday, August 14, 2020.

XRP still commands the third-largest market cap and the coin is up over 8% today and trading for $0.30 per coin. The stablecoin tether is still seeing massive trade volume and USDT’s $12 billion market valuation still holds the fourth position.

Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See 'Rough Waters'

Another forerunner this week is chainlink (LINK), which saw it’s price peak at $18.00 per LINK, but the coin is down over 6.6% at press time. Currently, LINK holds the fifth-largest market cap and each token is swapping for $16.77 a piece.

Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See 'Rough Waters'

Bitcoin cash is swapping for $296 per BCH and the peer-to-peer digital asset is up over 4% on Friday. During the last 30 days, BCH has gained 30% and for the last 90 days, BCH is up over 25%.

Market Update: BTC Inches Toward $12K, ETH Jumps 12%, Report Says LINK May See 'Rough Waters'

The coin has a $5.4 billion market valuation and $767 million in global trade volume. The top seven pairs trading with bitcoin cash (BCH) on Friday include tether (64.3%), BTC (16.6%), KRW (4.43%), USD (4.15%), TWD (4.08%), GBP (1.4%) and ETH (1.31%).

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