Bitcoin is back to $8K position

Home » BITCOIN » Bitcoin is back to $8K position
2018-07-24
Bitcoin is back to $8K position

This morning the price of Bitcoin has passed $8K and still continues to raise up. The psychological level was lost on May 24. Since then the price dramatically fell down reaching the newest bottom at $5,785. The price reached the low of 2018 at the end of June. Then, bit by bit Bitcoin has overcome local lows and for the last week it performs intensive growth.

According to CoinMarketCap’s index of the most popular cryptocurrency the price hopped up by $400 in just a couple of hours and locked in $8 233 as of press time, showing about 45% growth since the year’s low. Data from the most well-known exchanges shows that the volume of BTC has at least doubled within the last 12 hours. Traditionally, altcoins began regaining momentum with a definite delay and for now, most altcoins are in a green zone.

Nevertheless, the first cryptocurrency is yet down about 53% from the high of the year – $17K that was last seen in January.

At the same time, exchanges perform the rapid and significant increase of BTC market capitalization over the previous two months. In the middle of May the first cryptocurrency accounted for 37% of the total market and now the dominance has increased up to 47% thus making Bitcoin as much dominant across the cryptocurrency market as in the end of December.

CRYPTOCURRENCIES
  • bitcoinBitcoin$3,486.25
  • rippleXRP$0.315554
  • ethereumEthereum$117.00
  • tetherTether$1.00
  • eosEOS$2.29
  • stellarStellar$0.101717
  • litecoinLitecoin$30.72
  • cardanoCardano$0.041986
  • tronTRON$0.022984
  • moneroMonero$43.23
  • iotaIOTA$0.293124
  • nemNEM$0.054604
  • dashDash$67.69
  • neoNEO$7.34
The complexity Bitcoin mining is growing
As a result of the next recalculation of the complexity of mining Bitcoin on the night of January 14, this figure increased by almost 5%. The complexity of mining is a parameter of the blockchain network, which shows how difficult it is to perform a mathematical calculation to find a new unit and, accordingly, to […]
2019-01-18 0 5
Bitcoin volatility fell by 98% over the year.
Since January last year, the first cryptocurrency volatility has decreased by 98%. So, if on January 16, 2018, this figure was $ 3,468, then a year later – only $ 61, notes CoinDesk Markets analyst Omkar Godboul. The daily volatility over the past year decreased from 9.1% to 3.6%, although on December 16, 2018 was […]
2019-01-17 0 8
Will Ethereum hard fork Constantinople be launched this week?
Ethereum, one of the largest and most influential blockchains in the world, is planning to improve its code in the near future. A massive system upgrade, or hardfork, called “Constantinople” will include a number of technological improvements called to enhance practicality and the architecture of smart contracts. The Ethereum community will make a final decision […]
2019-01-15 0 31
The Brit​ish citizen was trying to buy a gun with cryptocurrency
David Mitchell, a 48-year old British citizen, was arrested by the US police after an attempt to purchase a gun with cryptocurrency via the dark web. Mr. Mitchell was planning to buy a Glock 9mm pistol which costs around £2,000. The man explained to the court that he was curious whether it is possible to […]
2019-01-14 0 18
© 2017–2018