The all-time high hit on October 20th has been pulverized: Bitcoin continues to grind record after record, and for the past 24 hours it has fixed the problem new historic record of $ 68,641. When it became known yesterday that the value of the cryptocurrency market had surpassed $ 3 trillion, the virtual currency was one step away from its all-time high of $ 67,016, but the further rally in the past 24 hours – is increased by more than 3% – enabled him to establish a new relationship.
According to the findings of CoinGecko, Bitcoin almost represents 42% of the total cryptocurrency market, while the world’s second virtual currency, Ethereum, is over 18%. So together Bitcoin and Ethereum make up 60% of the market. And for the latter it is also a record: In the last 24 hours it has i $ 4,857which represents the new high and is hovering above $ 4,800 at the time of writing.
When the crypto market crossed the $ 3,000 billion mark for the first time yesterday, today, CoinGecko reports, it is already nearly 3,100 billion. “The market is swelling at an impressive pace,” comment the analysts at Swiss Quote, and there is a feeling that the increases of the past period have seduced investors and traditional finances. However, some experts warn against cryptocurrencies Risks attached tohigh volatility and at Press of regulators wishing to deploy. The fear is that the bubble may burst.
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