Bitcoin Rises Seven Percent In 24 Hours, May Start Rallying $1 bln Market Cap Per Day
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? According to CoinMarketCap, the currency - as at the time of this publication - increased by 7.34 percent to push its market cap to $13,934,740,671 at a rate of $867.83 per Bitcoin, having recorded around $198.4 mln worth of transactions within the 24-hour period. This translates to the addition of more than $1 bln to the market cap of Bitcoin in one day - that is by tomorrow Dec. 23, the market cap would have crossed the $14 bln....
Related News
Cagecoin, a Dogecoin-esque altcoin creators say is “powered by Nicolas Cage,” shot up in value by over 30,000 percent in 24 hours, briefly hitting the top ten cryptocurrency charts. The altcoin, which began in 2014, averaged around only 1 satoshi per unit in value - until a sudden surge Saturday morning saw its market cap climb to $54 mln. Those who held onto their CAGE may well have ultimately profited from doing so. The phenomenon is nonetheless a timely reminder of why investors should be careful when choosing to short the market. Cagecoin’s fall was even more instantaneous than its....
ENS price outshines the market as price shows strength rallying to a high of $20. ENS tops the crypto price as it cracks over 20% gain in less than 24 hours despite the crypto bloodbath. The price of ENS shows bullish signs as the price holds above the 50 and 200 Exponential Moving Averages (EMA) with good volume. Despite the uncertainty that currently surrounds the cryptocurrency market, the price of Ethereum Name Service (ENS) has been one of the dark horses, rallying from $13 to $20. The crypto market suffered a new setback when the price of Bitcoin (BTC) fell from around $19,000 to....
Over the past week, many altcoins have experienced significant price increases. What is striking about this trend is that it has not only affected altcoins with small market caps (whose prices are easy to manipulate) but has stretched to altcoin heavyweights such as Dogecoin and now Nxt, who have previously encountered prolonged price declines. CCN analyzes the Nxt price increase within the context of its recent downtrend. Nxt Price Rises 14% in 24 Hours. The Nxt price rose 14% in 24 hours from September 4-5. On September 4, the Nxt price was 5,980 satoshis. For most of the day, the Nxt....
It's the start of a new week, and the bitcoin price (or rate) is not surprisingly doing crazy things. Today, the price per coin has come up a whopping 20 percent (as of this writing - and it may change depending on what you're reading this) with relative ease - reaching a high of $710/BTC at Bitstamp. But almost as quick as the price came up, it began to dip slightly. At the time of this writing, we're looking at prices in the rang of $675/BTC at Bitstamp. Some speculate that the rise is associated with the release of tax guidance from HM Revenue & Customs in the United Kingdom. In that....
Since November 2021, when it reached a record peak, the market capitalization of all cryptocurrencies has decreased by more more than $1.5 trillion, with Bitcoin shedding more than 60 percent of its value in just six months. According to data from CoinMarketCap, the Bitcoin price increased by more than 10 percent in the last 24 […]