Bitcoin Sees Strongest 24-Hour Performance Since July, Total Market Cap Jumps $11 Bln

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Bitcoin has soared 9.3 percent on the day, breaking above the $4,000 mark to trade at trade at $4,050 at press time.

On the week, Bitcoin remains almost 16 percent in the red; monthly losses are at a stark 37 percent, according to Cointelegraph's Bitcoin Price Index.

Ripple is up by a similarly strong 8.3 percent on the day to trade at $0.37 to press time.

Third-ranked crypto by market cap Ethereum has clawed back lost ground to grow 9.7 percent on the day, trading at $114 to press time.

The asset's intraweek low came perilously close to double-digits in fiat value amid the market tumble, and it remains down a hefty 23 percent on its weekly chart.

All of the remaining top ten coins on CoinMarketCap are firmly in the green, with seventh largest ranked crypto Litecoin up 10 percent on the day to trade at $32; altcoins Stellar and Cardano are also strong performers, seeing growth of 9.3 and 10.45 percent respectively.

Even embattled Bitcoin Cash - which is down over 58 percent on the month, due to the fallout of its controversial hard fork Nov. 15.

The product of the BCH split, newly-forked "Bitcoin SV" is currently ranked 9th largest crypto by market cap, seeing growth of around 2.5 percent on the day to trade at almost $100. The remaining coins in the top twenty by market cap are seeing a flush of deep green, with gains on average between 7 and 14 percent on the day.

Privacy-focused alt Zcash is up almost 14.5 percent at $75.50, IOTA is up 8.6 percent at $0.26, and Neo is up 11.3 percent at $7.71.

Total market capitalization of all cryptocurrencies is around $131.8 billion as of press time, up $11 billion on the day and over $17 billion from its intraweek low at around $114.6 billion Nov. 25.7-day chart of the total market capitalization of all cryptocurrencies from CoinMarketCap.

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