Bitcoin's long-term holders reach a new pinnacle while Bitcoin Cash and EOS ascend. Ethereum,

in #bestcryptos6 months ago

Bitcoin's long-term holders hit a new summit as Bitcoin Cash and EOS soar. Ethereum, Litecoin, and Ripple decrease.

Bitcoin's price has surged to a new high of $4,822 per piece today, based on CoinMarketCap. That puts it up 1.1% from yesterday's high of $4,766.

Bitcoin's price has been on an upward and downward swing recently. It began the year at roughly $3000 but has been heading sideways for months now. In recent weeks it has witnessed some big increases and some major losses as well.

Bitcoin Cash, on the other hand, is still in its honeymoon period but it appears like it will be around for quite a while. Its value is up 2% today to $1,275 per coin after beginning the day at $1,146 per coin (up 0.7%).

EOS continues to grow with a 4% rise today to $6.62 per coin after starting off at $6.55 (up 0.2%).

Litecoin and Ripple both had large rises over the previous 24 hours after being pretty static since the first day of 2019 (and both haven't made any noteworthy announcements). Litecoin climbed by 10% to

The entire value of all ether in currency was $74 billion at the time of writing, estimated CoinMarketCap. That's up from $58 billion on June 1. The price of ether has similarly increased from roughly $13 at at the start of June to its current high of about $230.

Ethereum's current run is due to a variety of reasons, including recent improvements in its blockchain protocol that make it more tempting for major firms to use its blockchain over other options like Bitcoin's or Litecoin's. But it also derives from a wider trend: Investors are wagering that the technology behind blockchain will soon become a fundamental part of our lives.

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