Total Crypto Market Cap Come Back Over $500 Billion, Bitcoin Pushes $11K

After a comparatively low begin to the month within the crypto market, the whole market cap of all cryptocurrencies has once more broken $500 bln these days, Feb. 17, in keeping with CoinMarketCap. the whole market cap is presently around $502 bln at press time.

Bitcoin (BTC) has stayed well on top of the $10,000 mark, presently commerce at regarding $10,830 and up virtually seven % over a 24-hour amount by press time. Ethereum (ETH) is inching nearer to passing the $1000 threshold, commerce at $969, up virtually three % over a 24-hour amount by press time.

Of the highest 10 coins listed on CoinMarketCap, solely Litecoin (LTC) is within the red, down regarding three % at press time. Earlier week Litecoin saw a surge in value following the announcement of the approaching launch of a LTC-fiat payment service, and a planned arduous fork that Litecoin creator referred to as a “scam”. LTC is presently commerce at around $227.

The steady dealing in costs might have prompted by the optimistic news that AN anonymous merchandiser purchased around forty one,000 Bitcoin between Feb. 9 and Feb. 12, price around $440 mln these days, Marketwatch according. the acquisition reportedly brought the BTC address total up to over ninety six,000 BTC, or very little over $1 bln.

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