I think $200 billion will be reached this week. I don't think it has any significance in the overall scheme of things. But at least it will push back Jamie Dimon saying things like - JP Morgan moves trillions of dollars a day while the entire crypto market is only a few billions.
A lot of dollars is in cold storage. This allowed the dollar to stay afloat. Trillions of dollars can very quickly now migrate in bitcoin. Users make the same mistakes with bitcoin. It is used for accumulation. Now the price will rise, but ever the price may sharply fall off. We are now seeing that with the dollar and enjoy the price ratio of the pair bitcoin/USD. But the depreciation of the dollar could devalue bitcoin. 
Topic: [2017-11-02] $194 Billion: Bitcoin Price Rally Launches Crypto Market Cap Into (Read 1774 times)
November 02, 2017, 04:01:48 PM
November 02, 2017, 03:38:06 PM
Not so long ago Bitcoin's market share was at 37% and people were seriously discussing how Ethereum will flip Bitcoin soon and look where we are now. It's a very bad time to hold altcoins for long term now, as Bitcoin's keep breaking new ATH's while alts tremendously lose in their BTC value, so people who have bought them during or after the altcoin rally of this year are most likely in loss of their BTC value. And with worldwide crackdowns on ICO's things are looking even worse for altcoin markets.
November 02, 2017, 03:00:33 PM
Geez, the cryptomarket is really going nuts. This morning I was kinda shocked when I saw the value of BTC shooting up hundreds of USD in a timespan of a few hours! Market dominance of BTC has surpassed 60%, the highest value since the final days of last april. Alts generally have a hard time right now under the crushing weight of BTC.
November 02, 2017, 02:18:14 PM
I think $200 billion will be reached this week. I don't think it has any significance in the overall scheme of things. But at least it will push back Jamie Dimon saying things like - JP Morgan moves trillions of dollars a day while the entire crypto market is only a few billions.
November 02, 2017, 12:14:31 PM
The price of btc rose till around 7300 and now has again fallen back to 6900 thus the overall market cap has fallen by. As the rise was too huge today without much reason so was the the steep fall came immediately after it and almost 400$ wiped out in couple of hours from the high point.
November 02, 2017, 10:34:52 AM
$194 Billion: Bitcoin Price Rally Launches Crypto Market Cap Into the Stratosphere
The bitcoin price stampede reached another milestone on Thursday, leaping above $7,000 with ease to set a new all-time high above $7,350. This record rally has launched the total cryptocurrency market cap to a new all-time high of its own, placing it in position to crack the $200 billion barrier within the near future.
On Wednesday, bitcoin carried the crypto market cap across the $185 billion threshold, enabling it to finally surpass the all-time high it set at the beginning of September before hostile Chinese regulators initiated a market downturn. The advance continued on Thursday, and the crypto market cap spiked as high as $194.4 billion before settling down to a present value of $190.7 billion.
Read more: https://www.cryptocoinsnews.com/194-billion-bitcoin-price-rally-launches-crypto-market-cap-stratosphere/
The bitcoin price stampede reached another milestone on Thursday, leaping above $7,000 with ease to set a new all-time high above $7,350. This record rally has launched the total cryptocurrency market cap to a new all-time high of its own, placing it in position to crack the $200 billion barrier within the near future.
On Wednesday, bitcoin carried the crypto market cap across the $185 billion threshold, enabling it to finally surpass the all-time high it set at the beginning of September before hostile Chinese regulators initiated a market downturn. The advance continued on Thursday, and the crypto market cap spiked as high as $194.4 billion before settling down to a present value of $190.7 billion.
Read more: https://www.cryptocoinsnews.com/194-billion-bitcoin-price-rally-launches-crypto-market-cap-stratosphere/
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