Cryptocurrency prices appear to beunstoppable today, with the top four blockchain assets now worth over $1 billion each.
The London Summit 2017 is coming, get involved!
It seems much of the surge is from new money pouring into the market. This is evident from the exceptionallyhigh trading volumes, reaching new record total for the entire ecosystem of over $2.2 billion a day. One likely reason for this is that the news of recent all time highs are drawing in more and more new traders attracted to the opportunity.
Bitcoin is now at a record high of $1600, raising 7% since yesterday, giving it a market cap of over $26 billion. Ethereum is now at a record high of $100, raising 16% since yesterday, giving it a market cap of over $9 billion.Ripples XRPis now at a record high of $0.09, raising 40% since yesterday, giving it a market cap of over $3.4billion.Litecoinis now at a record high of $25, raising 20% since yesterday, giving it a market cap of over $1.3 billion.
In fact, most of the other 700+ blockchainassets traded around the world are up significantly today. In total, the combined value of the entire market is now at a record $46 billion. While the speed at which we are seeing the value grow can cause fears of a bubble, the figure is not that unbelievable if we compare it to another online payments solution, Paypal (NASDAQ: PYPL) which has a market cap of $58 billion.
All this actually leads to some contradiction regarding the strength of bitcoin. While the original blockchain is the most valuable and keep setting new records, its cryptocurrency competitors are raising relativelyfaster and bitcoins dominance of the market has fallen to just 57%.
Here is the original post:
Cryptocurrency Prices Explode! Bitcoin at $1600, Ethereum at $100 - Finance Magnates
- Cryptocurrency News Round-Up: Bitcoin in Space & MtGox 2.0 [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- This week in bitcoin: Visualizing cryptocurrency [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- PotCoin cryptocurrency aiming to aid Colorados cash-only pot shops [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Crypto()Currency - CryptoCurrency.org [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- As Bitcoin Soars in Value, Alternative Cryptocurrencies ... [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Cryptocurrency - Wikipedia, the free encyclopedia [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Bitcoin vs. Political Power: The Cryptocurrency Revolution - Stefan Molyneux at TNW Conference - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- TNW - Stefan Molyneux - Money, Power and Politics The Cryptocurrency Revolution - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Bit coin and Cryptocurrency - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Atencoin is the First AML Compliant CryptoCurrency - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- How to Set Up a Ripple (CryptoCurrency) Generating System! - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Bitcoin / Cryptocurrency - An Extensive FAQ - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- --- The Great Debate --- Bitcoin vs Altcoin @ The CryptoCurrency Convention 4/9/14 - - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Bryce Weiner @ CryptoCurrency Convention 4/9/14 - - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Popularcoin @ CryptoCurrency Convention 4/9/14 - Joshua Nold - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- TimeKoin @ CryptoCurrency Convention 4/9/14 - Michael Brown - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Infinitecoin @ CryptoCurrency Convention 4/9/14 - Loring Small - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Bitcoin Exchange CryptoRush Loses Millions of BlackCoin Cryptocurrency - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Brock Pierce, Entrepreneur "FireSide Chat" @ CryptoCurrency Convention NYC - 4/9/14 - Video [Last Updated On: April 26th, 2014] [Originally Added On: April 26th, 2014]
- Dogecoin Founder Speaks on the Future of Cryptocurrency [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Flash Gordon Conquers the Universe 3 Captured by Shark Men (1940) - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- [OFFICIAL SPONSOR] Nick Spanos, Bitcoin Center NYC @ CryptoCurrency Convention 4/9/14 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- AuroraCoin @ CryptoCurrency Convention NYC 4/9/14 - David Lio - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Florincoin @ CryptoCurrency Convention NYC 4/9/14 - Joe Fiscella - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- DigiByte @ CryptoCurrency Convention NYC 4/9/14 - Jared Tate - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Digitalcoin @ CryptoCurrency Convention NYC 4/9/14 - Andrew Davidson - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- PotCoin @ CryptoCurrency Convention NYC 4/9/14 - Nick Iversen - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- ZenithCoin @ CryptoCurrency Convention NYC 4/9/14 - Eddie Corral - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- BitAngels Co-Founder, David Johnson @ CryptoCurrency Convention NYC 4/9/14 - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- New York to Regulate Bitcoin: Is the Cryptocurrency Biz Like the Wild West? - Video [Last Updated On: April 27th, 2014] [Originally Added On: April 27th, 2014]
- Australian dogecoin founder speaks on the future of cryptocurrency [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Cryptocurrency [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- How to Buy Bitcoins BTC Litecoins LTC Quarks QRK Cryptocurrency Altcoins - Video [Last Updated On: April 28th, 2014] [Originally Added On: April 28th, 2014]
- Coinnext Cryptocurrency Exchange Coming Soon - Video [Last Updated On: April 30th, 2014] [Originally Added On: April 30th, 2014]
- Cryptocurrency News Round-Up: MtGox Hearing Begins as Bitcoin gets Bloomberg Endorsement [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- mTrader.org - Cryptocurrency Mining System - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Ripple XRP Decentralized CryptoCurrency Bitcoin Exchange Open-Sourced BlockChain - Video [Last Updated On: May 1st, 2014] [Originally Added On: May 1st, 2014]
- Cryptocurrency News Round-Up: Transparent Exchange & Bitcoin Banks [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Bitcoin Cryptocurrency Crash Course with Andreas Antonopoulos - Jefferson Club Dinner Meet - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- MAX KEISER & ALEX JONES talks about BITCOIN - Is Cryptocurrency the FUTURE? - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- CryptoCurrency - cryptobars commodity Launch! - Video [Last Updated On: May 2nd, 2014] [Originally Added On: May 2nd, 2014]
- Coin Pursuit Launches SliceFeeds Interactive Cryptocurrency Network [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- CS 171 Final Project: Cryptocurrency Visualizations - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- The Mises View: "Taxing Cryptocurrency" | Jeff Deist - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- Cryptocurrency Explained The Tech Guy 1046 - Video [Last Updated On: May 3rd, 2014] [Originally Added On: May 3rd, 2014]
- Such Dogecoin. Much Validity. How one altcoin may have turned into cryptocurrencys best marketing tool [Last Updated On: May 4th, 2014] [Originally Added On: May 4th, 2014]
- Cryptocurrency | Ground Zero with Clyde Lewis [Last Updated On: May 4th, 2014] [Originally Added On: May 4th, 2014]
- Know How 74 Cryptocurrency - Video [Last Updated On: May 4th, 2014] [Originally Added On: May 4th, 2014]
- MIT undergrads will each receive $100 in bitcoin [Last Updated On: May 5th, 2014] [Originally Added On: May 5th, 2014]
- Bitcoin wins US election panel's approval for political donations [Last Updated On: May 9th, 2014] [Originally Added On: May 9th, 2014]
- CryptoCurrency of the World Unite! - Video [Last Updated On: May 10th, 2014] [Originally Added On: May 10th, 2014]
- The Bitcoin Stats Show - Ep 6: 16th April 2014 - Video [Last Updated On: May 10th, 2014] [Originally Added On: May 10th, 2014]
- Bitcoin vs. Political Power: The Cryptocurrency Revolution Stefan Molyneux at TNW Conferen - Video [Last Updated On: May 11th, 2014] [Originally Added On: May 11th, 2014]
- AMD cuts Radeon R9 280 price as inflation woes die down [Last Updated On: May 15th, 2014] [Originally Added On: May 15th, 2014]
- BBT Presents: Ode to Cryptocurrency - Video [Last Updated On: May 15th, 2014] [Originally Added On: May 15th, 2014]
- The Cryptocurrency Certification Consortium - Video [Last Updated On: May 15th, 2014] [Originally Added On: May 15th, 2014]
- Scryptify Cryptocurrency Video - Crypto Currency Exchanges - Video [Last Updated On: May 15th, 2014] [Originally Added On: May 15th, 2014]
- Bitpagar Cryptocurrency - Video [Last Updated On: May 16th, 2014] [Originally Added On: May 16th, 2014]
- How to Mine Cryptocurrency Safely - Video [Last Updated On: May 17th, 2014] [Originally Added On: May 17th, 2014]
- Bunnycoin - Innovative New Cryptocurrency - Video [Last Updated On: May 17th, 2014] [Originally Added On: May 17th, 2014]
- Cubieboard 1 2 Mining Peercoins SHA256 based Cryptocurrency - Video [Last Updated On: May 17th, 2014] [Originally Added On: May 17th, 2014]
- Megacoin Teaser Video New CryptoCurrency Bitcoin Best AltCoin 2014 Anonymous Zerocoin - Video [Last Updated On: May 17th, 2014] [Originally Added On: May 17th, 2014]
- Jan Irvin on Learning, Statism, Culture, Cryptocurrency and Voluntarism -- Potent News Podcast #1 - Video [Last Updated On: May 17th, 2014] [Originally Added On: May 17th, 2014]
- Nxt cryptocurrency platform: Proof of Stake mining system - Video [Last Updated On: May 19th, 2014] [Originally Added On: May 19th, 2014]
- Givecoin.info Announces Partnership with Do A Bit of Good: World's First Charitable Mining Screensaver [Last Updated On: May 21st, 2014] [Originally Added On: May 21st, 2014]
- Cryptocurrency: Get Mining! - Video [Last Updated On: May 22nd, 2014] [Originally Added On: May 22nd, 2014]
- Violincoin - The first cryptocurrency for musician - - Video [Last Updated On: May 22nd, 2014] [Originally Added On: May 22nd, 2014]
- Trollcoin - The Fun Cryptocurrency! - Video [Last Updated On: May 22nd, 2014] [Originally Added On: May 22nd, 2014]
- The Cryptocurrency Store (Spanish/Espagnol) - Video [Last Updated On: May 23rd, 2014] [Originally Added On: May 23rd, 2014]
- How To Trade CryptoCurrency: Sign up to a safe and reliable exchange for trading CryptoCurrency - Video [Last Updated On: May 23rd, 2014] [Originally Added On: May 23rd, 2014]
- UT students to launch cryptocurrency exchange [Last Updated On: May 24th, 2014] [Originally Added On: May 24th, 2014]
- Cryptocurrency and Nonprofits with Eric Nakagawa - Video [Last Updated On: May 24th, 2014] [Originally Added On: May 24th, 2014]
- The Cryptocurrency Store - Video [Last Updated On: May 24th, 2014] [Originally Added On: May 24th, 2014]
- Videoconferencia Cryptocurrency 201243946 - Video [Last Updated On: May 27th, 2014] [Originally Added On: May 27th, 2014]
- VideoCharla Jesus Ramos Cryptocurrency - Video [Last Updated On: May 27th, 2014] [Originally Added On: May 27th, 2014]
- Cryptocurrency Round-Up: Bitcoin Pioneer Dies and Digital Currency's Status in Australia [Last Updated On: September 1st, 2014] [Originally Added On: September 1st, 2014]
- Bleutrade Cryptocurrency Exchange Review - Video [Last Updated On: September 1st, 2014] [Originally Added On: September 1st, 2014]
- Bitcoin enthusiasts discuss the cryptocurrency - Video [Last Updated On: September 1st, 2014] [Originally Added On: September 1st, 2014]
- Make Fast 1.0 up to 10.00 BTC or Any Cryptocurrency REAL CASH - Video [Last Updated On: September 1st, 2014] [Originally Added On: September 1st, 2014]
- Halcyon cryptocurrency - Video [Last Updated On: September 1st, 2014] [Originally Added On: September 1st, 2014]