Not Just Bitcoin: The Top 7 Cryptocurrencies All Gained in 2016
2016 has been an exciting year for cryptocurrencies. With most of the major open-source currencies showing growth this year and with some expected to see significant expansion in 2017, 2016 reflects a loss of faith in traditional money systems in light of the global populism trend and a growing confidence in the underlying technologies in play for crypto transactions. As the year comes to an end, CoinDesk took a moment to look at the best-performing cryptocurrencies by market capitalization for the year and the factors that affected the markets throughout the year. For the sake of this....
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While 2016 is running out of road, the prolonged bitcoin rally that has lasted through most of Q4 2016 continues to scorch a hot trail as bitcoin price rises beyond $915 to set a new high for the year. Today, bitcoin price struck a high of $928 on the Bitstamp Price Index (BPI). The last time price traded at these levels was on January 7, 2014. That fateful day – in the immediate aftermath of the implosion of the now-defunct bitcoin exchange Mt Gox – saw price at $919.24 at midnight (UTC) before crashing down to $785 by day’s end. This month, the cryptocurrency is up 25% in value since the....
Bitcoin price struck a new yearly high of $794.39 on the Bitstamp Price Index (BPI) today as the cryptocurrency continued its collective surge in 2016. Having started the year at $432 in trading, the price of bitcoin to the USD has gained a remarkable 80% so far. With less than a fortnight to go, 2016 has proven a strong year for the cryptocurrency. At the crack of Monday (UTC), price was already trading at $788.46. Shortly after, a flurry of activity saw price jump to $791.39 in a 20-minute period. Subsequently, steady trading ensued in the early hours of the day before bitcoin charted a....
India’s central bank, the Reserve Bank of India (RBI), has published a booklet with a section about cryptocurrency and the digital rupee. The central bank acknowledged that cryptocurrencies have gained popularity in recent years and confirmed that it is exploring the need for a central bank digital currency. RBI Says Crypto Has Gained Popularity, Exploring Digital Rupee India’s central bank published a “Booklet on Payment Systems” on Monday with a section on central bank digital currencies (CBDCs). The document covers “the journey of payment and settlement....
Can the surge continue? A review of bitcoin’s 2016 performance indicates the cryptocurrency’s fundamentals are such that the party is far from over. With incoming U.S. President Donald Trump promising a fiscal spending binge that could push the $20 trillion U.S. debt even higher, the fundamentals that have served to more than double bitcoin’s price this year could deliver even greater gains in 2017. A combination of events, beginning with bitcoin’s popularity as a hedge against increasingly volatile markets, set the stage for a repeat performance in 2017, if not better. The cryptocurrency....
Bitcoin is only the 12th best-performing cryptocurrency of January 2016, with Counterparty, BitCrystals and MaidSafeCoin making a surprise top three movers. Bitcoin Outperformed by 11 Altcoins. When one thinks of cryptocurrencies or blockchain, one usually thinks of Bitcoin. It’s the oldest, most used and most secure blockchain out there. However, many fail to realize that there are actually hundreds, if not thousands, of cryptocurrencies out there – and some of these are gaining too much traction on the market to ignore. Bithub.pl has composed a list of the 20 best performing....