bitcoin speculation

For the first time in the industries history, cryptocurrency’s market capitalization hit as high as $600 billion on Monday, December 18th. Data from the popular market research website coinmarketcap.com showed that the capitalization of all cryptocurrencies reached as high as $603.3 billion early in the day, climbing to that level and falling twice in around four hours. At the time this article was written, the market cap stood at around $598.7 billion, which is more than double what it was only a month prior.


Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747


The top five cryptocurrencies in the space took in gains, with bitcoin cash seeing the most of these gains, going up by over 22% in the past 24 hours. The coin managed to trade at around $2,250 at the time this article was written. According to a report, “Additional market data shows that the afternoon trading session between 12:00 UTC and 16:00 UTC saw bitcoin cash climb 16%. During that period, cryptocurrencies VeChain and Hshare rose the most, climbing by 31.88% and 28.15%, respectively. The top-50 cryptocurrencies that experienced declines during that period include siacoin, which fell by 10.12%, and startup Power Ledger’s PWR token, the price of which dropped 8.64% during the afternoon session.


Don’t Forget to Join our FREE Text list! From Your Cell Phone Text the Phrase CRYPTO to 474747


The price of bitcoin, according to CoinDesk’s Bitcoin Price Index, has fallen more than 3% since the start of the day’s trading, and at press time was trading at $18,437.19.” Cryptocurrency has seen an incredible rise over the course of 2017 thus far, and many are curious to see what the coins will do over the course of the next year and through the end of 2017. The hopes are high that they can continue their meteoric rise and become a staple in the economic status of the world economy for time to come.

LEAVE A REPLY

Please enter your comment!
Please enter your name here