India, May 20 -- Cryptocurrencies leaped on Friday tracking the broad-based recovery in the global stock markets. Equities rose as a cut in the Loan Prime Rate by China bolstered hopes of a quick economic recovery. Overall crypto market capitalization increased to $1.30 trillion, versus $1.25 trillion early on Thursday.
Bitcoin is trading 4 percent higher at $30,303.83. The lead crypto currency has surged almost 15 percent from the low of $26,350 touched on May 12. BTC has touched a 24-hour high of $30,664.98.
Ether is trading at $2,042.97, after having gained 5.6 percent in the past 24 hours.
Reports that the Ropsten public testnet is scheduled for the "Merge" next month has added to the enthusiasm. Transitioning the current Proof-of-Wo...