Bitcoin Reporting Gains on the Day as Top Cryptocurrencies Trade Sideways

Hey ninjas, how’s the trading going? According to data from Blockchain, on the 3rd of September Bitcoin's hash rate is up 25%, 87 quintillion hashes per second (h/s). The hash rate is the computing power used in processing Bitcoin transactions, the greater the power the more secure the Bitcoin network becomes.

The most popular cryptocurrency Bitcoin is reporting gains in the last 24 hours. BTC is reportedly up 1.61% on the day is trading at $10,553. BTC achieved its highest point of the day trading at $10,758, BTC is also up 3.65% on its weekly chart. The recent increase in BTC's hash rate also shows that miners are investing more resources to expand their resources believing that BTC value would increase in the future.

The largest altcoin Ethereum is holding onto its first-place position with a market cap value of $19 billion at press time. ETH is currently trading at $177 and is reporting a loss of 0.29% in the last 24 hours at press time.

The second-largest altcoin Ripples XRP is currently trading at $0.25 and is reporting losses of 0.43% in the last 24 hours. XRP achieved its highest point of the day trading at $0.26 before later on dropping by $0.01. the market cap of ripples XRP is $11 billion at press time. 

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