“The digital asset market is benefiting both from the seasonality effect as well as generally positive market fundamentals,” said Ulrik K.Lykke, founder of crypto assets hedge fund ARK36. The largest cryptocurrency was last up nearly 9% at $47,742, hitting a high of just under $48,000. If gains are maintained, bitcoin would be on pace to post its largest daily percentage gain since mid-June. Smaller coins ether and XRP, which tend to move in tandem with bitcoin, were up nearly 10% at $3,294% and 8.2% at $1.0299, respectively. (Reporting by Gertrude Chavez-Dreyfuss in New York and Tom Wilson in London; Editing by Saikat Chatterjee and Chizu Nomiyama)
