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Sunday, August 6, 2017

Bitcoin Market Cap Crosses $50 Billion Mark As BTC Price Surges

Bitcoin Market Cap Crosses $50 Billion Mark As BTC Price Surges

The sudden and massive run up on Bitcoin Saturday pushed the market cap for the cryptocurrency above $50 bln for the first time ever, leaving investors thrilled. The day’s growth will have a substantial impact on the market cap of all cryptocurrencies, which has seen large increases in recent weeks.


As the news of the fork on Aug. 1 waned, Bitcoin pressed forward at more than 12 percent at press time, seeing huge gains over $3,200. The spike is likely the result of a stabilized market after the fears of the fork were overcome by widespread confidence.


At the $3,095/BTC mark, the total market cap of Bitcoin crossed $50 bln, more than double that of Ethereum ($21 bln), for those who had predicted the ‘flippening.’


Full story at http://bit.ly/2uuM7Ns


Source: CoinTelegraph


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