The Strategist

Volume of the global crypto currency market exceeded $ 160 billion


08/30/2017 - 10:40



On Monday, cost of all electronic currencies in circulation in the world increased to a record $ 160 billion thanks to the growth of Bitcoin and Ethereum rates, MarketWatch writes with reference to the data of Coinmarketcap website.



Bitcoin, according to the latest data of Coindesk.com, is trading at $ 4397, which is about 2.7% below the record high. Ethereum costs $ 342.7, having fallen in price since the June record by $ 40.

The new Bitcoin Cash (BCC or BCH), formed after the August split, fell from a peak value of 3.6% to $ 599.

Totally, Coinmarketcap accounts for 853 crypto-currencies, 11 of which are valued at over $ 1 billion. Bitcoin ($ 73.735 billion) is undoubtedly the leader. Ethereum ($ 34.067 billion) was placed on the second line, and Bitcoin Cash accounts for $ 9,612 billion.

In addition, the top 11 includes the following digital currencies: Ripple, IOTA, Litecoin, NEM, Dash, NEO, Ethereum Classic and Monero. A new record of the total value of last year's crypto-currency was fixed against the background of growth of individual altcoins. So, Ripple added 47%, NEO - 23%, Ethereum Classic - 10%.

The price of lightcoin on Sunday quickly went up and on the evening of August 27 for the first time exceeded the $ 60 mark. Now the cost of the crypto currency is $ 61.68 with a capitalization of $ 3.249 billion.

On Tuesday, August 29, the price of the second crypto currency by capitalization (Ethereum) exceeded $ 360 and, therefore, reached indicators of two months ago. According to CoinMarketCap, Ethereum reached its peak price yesterday, when the weighted average rate of the crypto currency was $ 364.58. Last time at these levels, ETH was traded in the middle of June, reaching historic maximum of $ 411before the June 13.

At the end of September, Ethereum network can implement the new version of the Metropolis software and the next hardfork.

source: coindesk.com