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Six of the top 10 cryptocurrencies were showing gains in the past 24 hours, including Litecoin and Ethereum. In contrast, Bitcoin Cash and Ripple registered losses, both tumbling more than 8%.

Bitcoin gets support at $5,000

It has only been a week since Bitcoin crossed the $5,000 mark and it may already be its new support level. After climbing to nearly $6,000 in recent days, the world’s largest cryptocurrency registered losses, dipping as low as $5,090 yesterday. However, Bitcoin recovered since, climbing to levels above $5,500 this morning.

All trading involves risk. Only risk capital you are prepared to lose. This is not investment advice. CFD trading.

Enterprise Ethereum Alliance adds new members

The Enterprise Ethereum Alliance (EEA), which was created to promote the development of Ethereum into an enterprise-level blockchain, added 48 new members recently. One of the most high-profile members to join is HP Enterprise, which has recently shown an interest in blockchain technology. HPE joins other well-known brands, such as Microsoft, Intel and JPMorgan Chase. Ethereum has been trading above $300 this morning, after dropping as low as $286 yesterday.

All trading involves risk. Only risk capital you are prepared to lose. This is not investment advice. CFD trading.