Tuesday 28 November 2017

The bitcoin over $10,000? (1)

The bitcoin follows its plan, and apparently nothing can stop it on its way to $10,000. On the first day of the new week, the cryptocurrency reached a new historic peak at levels above $9500.
So it is only about 5 percent growth to rise to $10,000. A level that hardly anyone could imagine at the beginning of the year, when the cryptocurrency was trading well over $1,000.
In other words, the bitcoin has risen nearly 9.5 times since the beginning of the year and is undoubtedly one of the most expensive assets in the financial markets at all. Of course, if it comes to profitability, that of the ethereum and the ripple are far higher.
It should not be forgotten, however, that the bitcoin is the main and largest cryptocurrency, whose market capitalization accounts for more than 50% of the total of the crypto currencies.
On Sunday, the bitcoin rose for the first time to more than $9,000, reaching $9,250.
As a result, the market capitalization exceeded the $150 billion psychological limit. For comparison, the second largest market capitalization cryptocurrency - the ethereum is with a market capitalization of 44 billion dollars.


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