Bitcoin as a whole is now worth $100 billion for the first time this year as the cryptocurrency market continues its bull run that began in early April, spurring on ethereum, Ripple's XRP, litecoin, bitcoin cash, and EOS...
Share to twitterBitcoin as a whole is now worth $100 billion for the first time this year as the cryptocurrency marketafter hovering around $5,500 for the last few weeks, with the overall cryptocurrency market adding an eye-watering $40 billion to its value since early AprilThe bitcoin price surge follows a report that suggests the bitcoin price has already bottomed for this market cycle and is now going to resume its march higher.
"Minimal selling coming from long-term holders throughout the consolidation period over the past few months. In fact, we've actually begun to see a very slight uptick among long term holders, which is consistent with the trend after the previous cycle bottomed." Bitcoin cash, ethereum, Ripple's XRP and EOS have all climbed between two and seven percent over the last day's trading., arguing"bitcoin will become the store-of-value for our digital age."Bitcoin and the wider cryptocurrency market's uptick comes as the industry is reeling from the news that tether, the world’s most popular stablecoin, is not backed “one-to-one” with cash, as had previously been thought.
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