Bitcoin Briefly Breaks $9 Billion Market Capitalization
The total market capitalization of Bitcoin rose to $9 billion earlier today as the price increased beyond $576 per bitcoin. The Bitcoin network crossed another milestone earlier today. Thanks to the strong bitcoin trading in the past few weeks, the value of the digital currency has almost reached $600 mark. Simultaneously, keeping up with the increasing bitcoin price, the total market capitalization of the digital currency today crossed $9 billion. Even though the increase in market capitalization beyond $9 billion was short-lived, it is a milestone to be celebrated nevertheless. The....
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Bitcoin's fast-growing market capitalization has broken the $10 billion mark (data according to Coinometrics and Blockchain). The news comes just over ten days after our last report on Bitcoin's market cap on November 14th, where it was reported that the market cap was $5 billion. Twenty days ago, Bitcoin's market cap was just over $3 billion, reflecting increased interest in the digital currency largely due to mainstream media reports and recent United States Senate hearings. Here's what the incredible growth looks like on a chart (courtesy: Blockchain): The growth has many speculators....