Monday, May 1, 2017

Bitcoin’s Triumphant Q1 Price Resilience and Performance Surpassed All Fiat Currencies

Bitcoin’s Triumphant Q1 Price Resilience and Performance Surpassed All Fiat Currencies

The first four months of 2017 has been exciting for bitcoin market participants as the price per BTC has had an incredible run. At press time the price per bitcoin is around $1290, and the decentralized cryptocurrency currently commands a $20 billion market capitalization. On April 25 one bitcoin outperformed the spot price of gold as it had done already a few weeks ago. Furthermore, as a currency bitcoin is also surpassing every government-issued fiat currency performance-wise as well.

Even though bitcoin markets have been on a tear, the rise has been rather modest. As far as other cryptocurrencies are concerned, altcoins like Ethereum, Dash, and Monero, performed even better than bitcoin’s 30 percent Q1 gains. For instance, Dash increased in price by over 800 percent and Ethereum’s market valuation jumped ahead by 600 percent. However, many of the pumping altcoins have yet to see any real world use cases outside of cryptocurrency market pumps and dumps.

Full story at http://bit.ly/2pjf1ke

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