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Wednesday, May 3, 2017

Bitcoin Price Marches Towards $1,500, Altcoins Feel The Pinch

Bitcoin Price Marches Towards $1,500, Altcoins Feel The Pinch

Bitcoin price is hurtling towards the historic $1,500 line having gained $70 in the 24 hours to press time Tuesday.

The surprising surge has put pay to the past week’s altcoin pump, with the top 10 losing between three and 15 percent overnight, data from Coinmarketcap shows.

A particular loser was Ethereum Classic (ETC), which had previously shot up as investor poured in following the announcement of a dedicated fund from Barry Silbert.

Ethereum price (ETH) also declined around six percent to $77, having previously broken all-time highs north of $80.

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