$300 Billion: Bitcoin Price Boosts Crypto Market Value to Record High
The total market capitalization for the cryptocurrency market has exceeded $300 billion for the first time.
Data from CoinMarketCap.com shows that the market capitalization for all cryptocurrencies is currently at roughly $300.5bn. Of that amount, bitcoin's market cap represents the lion's share, accounting for about $158 billion.
The move comes as the price of bitcoin continues its surge above $9,000, trading at roughly $9,482, according to the @a-blockchain Bitcoin Price Index (BPI).
The push above $300 billion perhaps also showcases the pace at which the market has grown in recent weeks. On Nov. 3rd, the overall market capitalization rose above $200 billion for the first time. By contrast, the market crossed the $100 billion level back in June.
Other cryptocurrency market developments contributed to today's market capitalization milestone, additional data reveals.
The world's second-largest cryptocurrency, ethereum, has a press-time market capitalization of $46 billion and is currently trading at about $475, representing a price increase of more than 25% in the past week. Like bitcoin, ethereum also hit a new all-time high over the weekend.
Hot air balloon image via Shutterstock
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Disclaimer: This article should not be taken as, and is not intended to provide, investment advice. Please conduct your own thorough research before investing in any cryptocurrency.
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STOPAll of my posts published on steemit are from my blog http://www.coinexpansion.com. I am the original author of each and every post I published on steemit. I just not mentioned @originalworks in my posts because I was unaware of rules of company. Now, this cheetah bot always sends messages after every post I published. This is the message which it sends "warning! this author is on his blacklist". Please solve this issue and get rid of this cheetah bot. It downgrade my ratings. Kindly help
@harshvasistha There is little point in responding to cheetah here. It is not a person, it is what they call a bot, a small computer program. To end this nonsense, it would be better you go to the chat link - and, be nice. It is the only way to get your steemit life back.
Bitcoin is a third of the way to a Trillion dollar capitalization.
It's a very small jump to 30k per bitcoin now that 10k has been breached.
I'm going to double down on my long position.
HODL, as they say.
@ghmboyan so keep )
All of my posts published on steemit are from my blog http://www.coinexpansion.com. I am the original author of each and every post I published on steemit. I just not mentioned @originalworks in my posts because I was unaware of rules of company. Now, this cheetah bot always sends messages after every post I published. This is the message which it sends "warning! this author is on his blacklist". Please solve this issue and get rid of this cheetah bot. It downgrade my ratings. Kindly help
The @OriginalWorks BETA V2 bot has upvoted(0.5%) and checked this post!
Some similarity seems to be present here:
https://www.coindesk.com/city-tokyo-announces-blockchain-startup-accelerator/
This is an early BETA version. If you cited this source, then ignore this message! Reply if you feel this is an error.
Dear @originalworks here is the "a source post" - (https://www.coindesk.com/300-billion-bitcoin-price-boosts-crypto-market-value-record-high) , and I pointed out the exact link and what you provided (https://www.coindesk.com/city-tokyo-announces-blockchain-startup-accelerator/)does not match with this post.
You can check
Thanks
@harshvasistha There is little point in responding to cheetah here. It is not a person, it is what they call a bot, a small computer program. To end this nonsense, it would be better you go to the chat link - and, be nice. It is the only way to get your steemit life back.
All of my posts published on steemit are from my blog http://www.coinexpansion.com. I am the original author of each and every post I published on steemit. I just not mentioned @originalworks in my posts because I was unaware of rules of company. Now, this cheetah bot always sends messages after every post I published. This is the message which it sends "warning! this author is on his blacklist". Please solve this issue and get rid of this cheetah bot. It downgrade my ratings. Kindly help
@harshvasistha There is little point in responding to cheetah here. It is not a person, it is what they call a bot, a small computer program. To end this nonsense, it would be better you go to the chat link - and, be nice. It is the only way to get your steemit life back.