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Homepage / News November 27, 2017 156 views

$300 Billion: Bitcoin Value Boosts Crypto Marketplace Value to Record High

$300 Billion: Bitcoin Price Boosts Crypto Marketplace Worth to Record Higher

The total market place capitalization for the cryptocurrency market place has exceeded $300 billion for the first time.

Information from CoinMarketCap.com shows that the market place capitalization for all cryptocurrencies is at present at roughly $300.5bn. Of that quantity, bitcoin’s market place cap represents the lion’s share, accounting for about $158 billion.

The move comes as the price of bitcoin continues its surge above $9,000, trading at roughly $9,482, according to the CoinDesk Bitcoin Cost Index (BPI).

The push above $300 billion possibly also showcases the pace at which the marketplace has grown in recent weeks. On Nov. 3rd, the general market capitalization rose above $200 billion for the very first time. By contrast, the market place crossed the $one hundred billion level back in June.

Other cryptocurrency marketplace developments contributed to today’s industry capitalization milestone, added information reveals.

The world’s second-largest cryptocurrency, ethereum, has a press-time industry capitalization of $46 billion and is presently trading at about $475, representing a value increase of a lot more than 25% in the previous week. Like bitcoin, ethereum also hit a new all-time higher over the weekend.

Hot air balloon image via Shutterstock

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Disclaimer: This write-up should not be taken as, and is not intended to provide, investment guidance. Please conduct your own thorough analysis just before investing in any cryptocurrency.

Published at Mon, 27 Nov 2017 02:46:01 +0000

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