Saturday, May 13, 2017

$30 bln Bitcoin Market Cap May Preclude A $2,000 Bitcoin Price Bullrun

$30 bln Bitcoin Market Cap May Preclude A $2,000 Bitcoin Price Bullrun

Bitcoin’s market cap has surpassed the landmark $30 bln while its overall market dominance slips lower than ever.

Recent price growth has resulted in a historic high for Bitcoin’s value metrics, with the currency just $150 off $2,000 as of press time Thursday.

Altcoin fever still abounds, however, with huge strengthening for Ethereum and several others in the top ten pushing Bitcoin’s control of the market to its lowest levels yet seen.

"Cointelegraph previously reported on the gradual slide of Bitcoin’s market cap dominance, which began the year at 87 percent before sliding to 70 percent, 65 percent and now just 56.7 percent."

Full story at http://bit.ly/2pvJI7B

Tweet This Story

 

 

 

Donation:
If you appreciate the things I share,
consider making a contribution no matter
how small via PayPal. If you use Bitcoin you can
send donations to my Bitcoin Wallet:
12pAsyMdZoTHPvkiRAZiuQhC8bF4DLbYpQ

No comments:

Post a Comment

Note: Only a member of this blog may post a comment.

Copy and paste this code into your pages.