Prices of popular cryptocurrencies shot up sharply on Friday as most virtual coins regained momentum and broke away from the bearish trend. One of the reasons why virtual coin prices are gaining is due to weakness in the US dollar.

Bitcoin, the world’s most popular cryptocurrency, was trading over $47,000, up over 6 per cent at 1:05 pm. The virtual coin’s market capitalisation has increased sharply to $883 billion.

Ether gained higher than Bitcoin in the past 24 hours, up nearly 8 per cent at $3,214. Ether’s market capitalisation has increased to $376.43 billion.

Cryptocurrency highlights | Check yesterday’s prices

The valuation of all other altcoins including Cardano, XRP, Dogecoin, Stellar, Polkadot and Litecoin have also increased sharply.

Edul Patel, CEO and Co-founder of Mudrex, a global algorithm based crypto trading platform, said, “The past 24 hours were a good session for the cryptocurrency market. Most of the top cryptos regained their crucial levels and broke away from the bearish dominance.”

“Initially, it was some of the Altcoins that led the rally. However, later during the session, we saw the crypto giants gain momentum and rose higher,” he added.

“Overall, markets are looking stable, and investors would be hoping it remains this way into the weekend.”

Here are the latest prices and trends of popular cryptocurrencies:

DISCLAIMER: The cryptocurrency prices have been updated as of 01:35 pm and will change as the day progresses. The list is intended to give a rough idea about popular cryptocurrency trends and be updated daily.