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The total volume of virtual money is currently a whopping $100 bln. That is about as much as the current GDP of Morocco – the 60th-largest economy in the world.
Bruce Fenton, Charlie Schrem, Trace Mayer explain the current frenzy on the Bitcoin market.
The total USD value of Bitcoin supply in circulation has crossed a new all-time high $15 bln Tuesday as its unit price continues to climb to the $1000 mark.
In yet another 24 hours, the Bitcoin market cap will grow by $1 bln.
The market cap of Bitcoin surpassed the $14 bln margin for the first time in history, breaking its all time high record previously set in 2014.
Should it be a cause for worry that the price of the world’s top digital currency, Bitcoin, hit a new high with a seven percent increase in the past 24 hours?
Even at its infancy, Bitcoin’s market cap is holding on $12.18 bln, surpassing the value of many reserve currencies.
Bitcoin surges past $730 while Ethereum nears $20, pushing total cryptocurrency market capitalization to $14,3 billion. This is about 90% of the all-time high during late 2013’s Bitcoin bubble.
Bitcoin’s market capitalization has broken the $ 9 bln mark, testament to the rising acceptance of the cryptocurrency.
Ethereum capitalisation has been catalysed by developmental factors, intrinsic value, speculation and human nature, experts say.
ViaCoin is one of the coins reaching the milestone of US$1 million market cap, but there is a twist: it only took them a handful of days in order to do so.
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