During the period from December 1-10, 2017, total cryptocurrency market capitalization increased by more than $100 billion, from $305.1 billion to $416.9 billion (as of December 10, 2017, 00:00 UTC, see Table 1.1). Over the past week (December 4-10, 2017) market capitalization increased by $87.8 billion. Bitcoin alone accounted for $68.5 billion of this increase, as its capitalization increased from $185.3 billion to $253.8 billion. The growth in altcoin capitalization over the week equaled approximately $20 billion (from $143.8 billion to $163.1 billion).
During the period from December 4-10, the exchange rates of Bitcoin, Ethereum and Litecoin increased by 36.9%, 2.0% and 55.3%, respectively, while the exchange rate of Bitcoin Cash showed a slight fall of -1.6%.
Up to December 8, 2017, the growth in the cryptocurrency market was mainly due to the intensive growth in the dominant cryptocurrency, Bitcoin (see fig. 1), the market capitalization of which exceeded $300 billion. The Bitcoin price reached several milestones over the past week. Over the course of five days (December 4-8, 2017) the price appreciated from $11,000 to $18,000. Over the subsequent three days, the price underwent a downward adjustment and the exchange rate fell.
https://www.coinspeaker.com/2017/12/12/weekly-cryptocurrency-ico-market-analysis-december-4-10-2017/
Topic: [2017-12-12]Weekly Cryptocurrency and ICO Market Analysis [December 4-10, 2017] (Read 1037 times)
December 12, 2017, 03:17:19 PM
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