Today, Bitcoin's market capitalization has once again surpassed the 2.5 billion USD since the second quarter of 2013. While a 2.5 billion USD market cap is considered "chump change" in general economics, it's a great bit of news in the Bitcoin community. The news shows great signs of growth of the cryptocurrency. The question is, will the growth continue even further?
The price of Bitcoin has hit an all-time-high once again today, surpassing the $400 mark at Mt. Gox. In fact, at the time of this writing, the price is past the $420 mark, to much fanfare. We'll be surprised if the price keeps it up, but this is certainly yet another great milestone in the story that is Bitcoin, In other news, Bitcoin's market cap has surpassed the $4.5 billion mark, just days after passing $3 billion.
Bitcoin’s market capitalization has swiftly surged past the $ 8 bln dollar mark, and even momentarily broke the the $ 9 bln mark. However, it is still a good while off its historical highest point of 13.8 billion dollars of November 2013.
9 billion dollar market capitalization.
On Saturday, June 4th 2016, Bitcoin surpassed the 9 billion dollar market capitalization mark for the first time since February 2014.
Although this was only a temporary change, it is testament to the rising acceptance of the cryptocurrency and its associated rising price.
However, as Reddit user,....
Bitcoin traders on the Bitstamp exchange platform may want to take note. New features are available that allow traders to better control their moves in the market: stop order and trailing stop order. And if you are like me (not a trader), you're probably asking yourself, what's a stop order and trailing stop order? Bitstamp explains: An order to buy or sell bitcoins when its price surpasses a particular point, thus ensuring a greater probability of achieving a predetermined entry or exit price, limiting the investor's loss or locking in his or her profit. Once the price surpasses the....
Following the news of Bitcoin hitting its all-time high on Tuesday night, Bitcoin's market cap has hit yet another milestone. Three billion dollars, in fact. The news comes just about a week the after market cap reached $2.5 billion - signaling immense growth. No doubt, the influx has very much to do with the excitement over the price getting higher (i.e. more people throwing their money in with anticipation the price will get higher). Bitcoin's market cap has grown so very rapidly, making many question when we'll hit the $4 billion mark. By year's end, perhaps?
Bitcoin is the opposite of PayPal, in the sense that it actually succeeded in creating a currency. However, its payment system is lacking, and it is often used to make illegal transactions, such as to buy heroin. Until Bitcoin is used to make more legal transactions, I am a bit skeptical.