Bitcoin Rises Seven Percent In 24 Hours, May Start Rallying $1 bln Market Cap Per Day

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....


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