Topic: Cryptocurrency Market Set New All-Time High (Read 257 times)
Alot more coins are gaining traction and press releases right now, it used to be just bitcoin (and sometimes eth) which could mean a new bull run for the alts, and that i hope
It indicates a bright future for cryptocoins.Cryptocoins being integrated to the world economy with small and huge investor backing them.
I'm read for the new run, already made my bets, still have some coins to buy but my major moves are done.
May the markets be ever in our favor.
May the markets be ever in our favor.
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).
Courtesy Coindesk
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).
Courtesy Coindesk
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