Defying the expectations of many investors, the bitcoin price did not break the support line of $5,000 on Tuesday.

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However, bitcoin remains in position for a breakout in the comming days before 24/10/2017, and the general expectation is that the question is not if bitcoin will reach $5,000 — but when. Wednesday brought a minor recovery to the altcoin markets, enabling them to reclaim about $1.5 billion of the combined market cap they had shed earlier this week.

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The total cryptocurrency market cap reach today at $152.6 billion. It past $155 billion on Tuesday evening but began to pull back leading into Wednesday morning. At present, the value of all cryptocurrencies is $154.9 billion — a 24-hour gain of $2.3 billion.

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On Tuesday, Blockchain Capital’s Spencer Bogart had tweeted that it “feels like a $5k kinda day.” However, he followed this up by saying that the fact that it “feels” like it “means it probably won’t be,” because “the honey badger prefers sneak attacks.”

Ethereum Price Holds at $300

The ethereum price continued to tread water at the $300 mark on Wednesday as it awaits the official release of Byzantium, the first phase of the network’s next major protocol upgrade. Ethereum maintains a market cap of $28.5 billion.

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Ethereum charts from coinmarketcap

But Maybe we will see a huge move in the price of ethereum after the fork of 17 of this month .

Altcoins Eye Minor Increase

The altcoin markets made positive movement on Wednesday, although those advances were slight and could be easily reversed.

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The ripple price led the recovery with a 5% increase to $0.264. This raised its market cap to $10.2 billion. Bitcoin cash, meanwhile dipped 4% and is now trading at $317. Bitcoin cash currently has a market cap nearly $5 billion smaller than that of ripple.

The litecoin price increased about 1%, while dash returned a 2% gain to bring its price back to $292. NEM and monero held steady at their previous levels, and eighth-ranked NEO increased 3% to $31.

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Aside from bitcoin cash, IOTA was the only top 10 cryptocurrency to experience a 24-hour decline. The IOTA price fell about 1% and maintains a $120 million market cap edge on 11th-ranked bitconnect.

At the same time, the best coin that you can buy now to make quick profit is monero , buy around 87 USD ansd sell around 100 USD witha stop lose around 83 USD .

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