Total Crypto Market Cap Back Over $500 Bln, Bitcoin Pushes $11K
After a relatively low start to the month in the crypto market, the total market cap of all cryptocurrencies has again broken $500 bln today, Feb. 17, according to CoinMarketCap. The total market cap is currently around $502 bln at press time.
Bitcoin (BTC) has stayed well above the $10,000 mark, currently trading at about $10,830 and up almost 7 percent over a 24-hour period by press time. Ethereum (ETH) is inching closer to passing the $1000 threshold, trading at $969, up almost 3 percent over a 24-hour period by press time.
Of the top ten coins listed on CoinMarketCap, only Litecoin (LTC) is in the red, down about 3 percent at press time. Earlier week Litecoin saw a surge in price following the announcement of the upcoming launch of a LTC-fiat payment service, and a planned hard fork that Litecoin creator called a “scam”. LTC is currently trading at around $227.
The steady uptick in prices may have prompted by the bullish news that an anonymous trader purchased around 41,000 Bitcoin between Feb. 9 and Feb. 12, worth around $440 mln today, Marketwatch reported. The purchase reportedly brought the BTC address total up to over 96,000 BTC, or little over $1 bln.
Follow Blockchain-Group on Steemit.com !
-> https://steemit.com/@blockchain-group
Latest Post
Trade Recommendation: STEEM
-> https://steemit.com/steem/@blockchain-group/trade-recommendation-steem
Austrian Bitcoin Scam: 10,000 Victims Lose 12,000 BTC ($115 Million)
-> https://steemit.com/bitcoin/@blockchain-group/austrian-bitcoin-scam-10-000-victims-lose-12-000-btc-usd115-million
Coincheck Exchange Sees $373 Million Withdrawn in One Day
-> https://steemit.com/cryptocurrency/@blockchain-group/coincheck-exchange-sees-usd373-million-withdrawn-in-one-day