Bitcoin Market Cap Crosses $50 Billion Mark As BTC Price Surges

Bitcoin pressed forward at more than 12 percent at press time, seeing huge gains over $3,200. The spike is likely the result of a stabilized market after the fears of the fork were overcome by widespread confidence.

At the $3,095/BTC mark, the total market cap of Bitcoin crossed $50 bln, more than double that of Ethereum ($21 bln), for those who had predicted the ‘flippening.’