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Tuesday, August 8, 2017

Cryptocurrency Market Tops $116 Billion to Set New All-Time High

Cryptocurrency Market Tops $116 Billion to Set New All-Time High

The total value of all publicly traded cryptocurrencies set a new all-time high today.


At press time, data from CoinMarketCap indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.


Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.


The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.


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


Source: CoinDesk


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