Nearly all cryptocurrencies are way up nowadays bringing the value of the cryptocurrency marketplace to forty six billion dollars. Cryptocurrency costs look unstoppable, with the main four blockchain technology assets now worth over one billion dollars each.
It seems much of the surge is from new cash pouring into the marketplace. This is obvious from the incredibly high buying and selling volumes, reaching new high total for the whole environment of over $2.2 billion a day. One motive for this is that the information of latest all-time highs are drawing in an increasing number of new investors interested in the cryptocurrencies.
Bitcoin is now at new all-time high, breaking the level of $1600 and raising seven percent since yesterday, giving it a marketplace capitalization of over twenty six billion dollars. Ethereum is now at new all-time high too, breaking $100 and reaching about sixteen percent since yesterday, which gave it a marketplace cap of over nine billion dollars. Moreover, Litecoin is now at a record high of $25, growing to twenty percent, giving it a marketplace capitalization of over $1.3 billion.
In truth, most of the other blockchain assets traded in the world are up considerably today. In general, the combined value of the whole marketplace is now at a level of forty six billion dollars. At the same time as the speed at which we’re seeing the value increase can lead to some fears of a bubble, the figure is not that incredible in comparison with popular on-line payments platform, Paypal, which has a marketplace cap of fifty eight billion dollars.
All this actually results in some contradiction concerning the strength of bitcoin. Even as the Bitcoin as the first cryptocurrency, is the most treasured and keep setting new records, other cryptocurrencies are raising quite quicker and bitcoin’s dominance of the marketplace has fallen to fifty seven percent.