661 Bitcoin Purchase Sparks Crypto Rally, Ethereum Reclaims Top Spot Over XRP

A single buy order of 661 Bitcoin on crypto exchange Bitfinex triggered a 2.7% increase in the price of BTC in less than 30 minutes.

The trade, worth more than $2 million, was tracked on Reddit.

The big buy order helped spark a broader crypto rally.

At time of publishing, Bitcoin is up 3.5% in the last 24 hours at $3,873, according to CoinMarketCap. Ethereum (ETH) rallied more than 11%, pushing the platform’s market cap above XRP by about $700,000.

The price of ETH dropped to a low of about $83 last month. That, combined with an XRP rally, caused the two market caps to flip.

https://twitter.com/iamjosephyoung/status/1080385011700748288

The rest of the crypto market is also seeing green.

Litecoin and EOS are up more than 5%. Tron jumped 4%, with XRP and Bitcoin Cash up 3%.

 

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