The price of bitcoin has hit a new all-time high once again as the digital currency has reached an average of $1950 across global exchanges. If bitcoin breaks the $2K range the price will have doubled since the beginning of the new year. Moreover, 2017 has shown digital assets, in general, have seen significant gains which has created a remarkably large cryptocurrency market capitalization of over $66 billion.
Cryptocurrency trading volumes and digital asset values have been on a tear since the beginning of 2017. Right now all 700+ cryptocurrencies command a $66 billion market capitalization with bitcoin capturing 48 percent of that share. During the first week of January bitcoin crossed the 4-digit price territory at $1,000 per BTC, and now four months later one bitcoin is worth $1950. Bitcoin trade volumes across global exchanges have been trading at close to $1B worth of BTC trades per day. 24-hour volume statistics for all cryptocurrencies have been roughly $2.1 billion traded on a daily basis.
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Topic: [2017-05-19]Bitcoin Price Climbs Towards the $2K Range (Read 6279 times)
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