Bitcoin has surpassed $3000 and the Crpyto Market now has a Market capitalization of $100 Billion.

forumpromotion (52)in #bitcoin • 7 years ago (edited)

Bitcoin has hit $3000 and the Crpyto Market now has a Market capitalization of $100 Billion.

Bitcoin has surpassed $3000 and is now close to $3200. All of the top 10 cryptocurrencies (in terms of market capitalization) are seeing an increase in price with the exception of Bitcoin Cash. Bitcoin Cash has been extremely volatile since the August 1st chain split. The future for cryptocurrencies are looking decent at the moment as the total market capitalization has now passed $100 Billion and most of the cryptocurrencies seems to be doing quite well.

Bitcoin has just hit an all time high. However, Ethereum, Ripple and Litecoin hasn't. Ethereum has reached $400 in June and we are still waiting to see whether or not it can reach that value again. In July, Litecoin has reached an all time high of $55 and as Litecoin has been one of the more stable cryptocurrencies in the market, it's growth is also looking pretty slow compared to Bitcoin. As Bitcoin is the market leader with around 47.9% of the market capitalization (at the time of this article), a rise in the value of Bitcoin normally also increases the value of the other crpytocurrencies so we may see some further growth in Bitcoin and Altcoins.

It will be quite interesting to see what will happen next in the crpyto world. Will Bitcoin reach new all time highs or will another cryptocurrency defeat Bitcoin? Follow me at @forumpromotion and I will keep you updated with all the latest crypto news.