Topic: [2017-08-07] Cryptocurrency Market Tops $116 Billion to Set New All-Time High (Read 2445 times)
August 08, 2017, 06:57:53 AM
Out of this $117 billion, The contribution of Bitcoin Cash is around $6 billion. Bitcoin is contributing for another $57 billion. So BTC+BCH market cap is now more than 50% of the total crypto market cap. Is any one still having doubts that the split is not beneficial for BTC holders?
August 08, 2017, 02:50:11 AM
The total value of all publicly traded cryptocurrencies set a new all-time high today.
At press time, data from CoinMarketCap indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.
The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.
Data from Google Trends suggests searches for "bitcoin price" and "BTCUSD" remain down from highs observed in May.
Still, much of the day's gains seem consolidated outside of bitcoin's two largest markets, bitcoin and ether. Of the top 10 cryptocurrencies, just four were posting double-digit gains, including Bitcoin Cash, NEM, IOTA and NEO (formerly Antshares).
https://www.coindesk.com/cryptocurrency-market-tops-116-billion-to-set-new-all-time-high/
This is a very cool news. But it would be better if capitalization grew, thanks to altcoins. Because the main growth was precisely because of Bitcoin. At press time, data from CoinMarketCap indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.
The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.
Data from Google Trends suggests searches for "bitcoin price" and "BTCUSD" remain down from highs observed in May.
Still, much of the day's gains seem consolidated outside of bitcoin's two largest markets, bitcoin and ether. Of the top 10 cryptocurrencies, just four were posting double-digit gains, including Bitcoin Cash, NEM, IOTA and NEO (formerly Antshares).
https://www.coindesk.com/cryptocurrency-market-tops-116-billion-to-set-new-all-time-high/
August 08, 2017, 02:33:38 AM
The total value of all publicly traded cryptocurrencies set a new all-time high today.
At press time, data from CoinMarketCap indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.
The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.
Data from Google Trends suggests searches for "bitcoin price" and "BTCUSD" remain down from highs observed in May.
Still, much of the day's gains seem consolidated outside of bitcoin's two largest markets, bitcoin and ether. Of the top 10 cryptocurrencies, just four were posting double-digit gains, including Bitcoin Cash, NEM, IOTA and NEO (formerly Antshares).
https://www.coindesk.com/cryptocurrency-market-tops-116-billion-to-set-new-all-time-high/
At press time, data from CoinMarketCap indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.
The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.
Data from Google Trends suggests searches for "bitcoin price" and "BTCUSD" remain down from highs observed in May.
Still, much of the day's gains seem consolidated outside of bitcoin's two largest markets, bitcoin and ether. Of the top 10 cryptocurrencies, just four were posting double-digit gains, including Bitcoin Cash, NEM, IOTA and NEO (formerly Antshares).
https://www.coindesk.com/cryptocurrency-market-tops-116-billion-to-set-new-all-time-high/
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