Bitcoin, Crypto currency, Blockchain

Total market capitalization of over 300 billion dollars; BTC, ETH, and Cardano rise

7ff4549c746d5acdb90e5fd29aba0268 - Total market capitalization of over 300 billion dollars; BTC, ETH, and Cardano rise

According to data from Coinmarketcap the total market capitalization has increased for the crypto-currency market for the first Time more than 300 billion dollars. Bitcoin, Ethereum, and Cardano to place while strong.

After the price of Bitcoin is slipped in the middle of November to the attack by Bitcoin Cash deep into the Minus and on 12. November, its low was reached at around 5040 euros, climbs the Bitcoin now seemingly unstoppable upwards and has yesterday broken the 8,000 mark. Thus, the Bitcoin has achieved within the last two weeks, a rate increase of approximately 62 percent.

The Bitcoin has a large share of the total market capitalization of all crypto-currencies on over 300 billion dollars has increased. Currently BTC can capture alone, 158 billion dollars. In the second place, Ethereum, it follows that a market capitalization of $ 45 billion and is currently also an all-time high to the next in a hurry. The market cap of Ethereum has increased from around 30 billion (mid-November) to 45 billion dollars.

The increase in market capitalization of over 300 billion dollars reflects the increasing interest in cryptocurrencies in the Mainstream. Large daily Newspapers and television stations report on Bitcoin and recruit new investors for the entire crypto market. In addition, the announcements of various banks play, how the CME, the Shinhan Bank, or “Virtuoso” to enter into the cryptocurrency market, as well as a major role.

In June, the limit of $ 100 billion in total market capitalization blown up. On 3. November, the market capitalisation increased for the first Time to more than 200 billion dollars. In addition to Bitcoin and Ethereum also other crypto currency contributed to this development. Overall, many currencies were able to benefit from the new capital.

In the last few days, this was, in particular, Cardano. To the editors of the time Ada was up 64 percent compared to the previous day, 87 per cent this month. A reason could be, could be, that Cardano has been added a few days ago, the South Korean Exchange Upbit, so that the price increase by increasing stock market access for Kryptos important South Korean market is explainable.

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