Crypto market cap makes 4-week high

8 November, 2018

Bitcoin prices moved higher Wednesday, trading above $6,500 for the first time since mid-October. A single bitcoin BTCUSD, -0.70% was last changing hands at $6,531.01, up 1.5% since Tuesday at 5 p.m. Eastern Time on the Kraken exchange. The move higher in the world’s largest digital currency has dragged the market value for all cryptocurrencies above $220 billion for the first time in four weeks, according to data from CoinMarketCap. Tuesday’s midterms weren’t a complete nonevent for the crypto community. In Colorado, voters elected a pro-crypto and blockchain governor in Jared Polis. The Democrat has long campaigned for decentralized technology to help local business.

“As governor, I will ensure that Colorado explores the potential use of blockchain technology and works alongside the business community, policy experts, local communities, and Coloradans to build a robust economy for the future,” he wrote in a blockchain campaign paper. Altcoins, the collective group of coins other than bitcoin, are having a mixed day. Ether ETHUSD, -1.62% was trading 0.3% higher at $216.51, Bitcoin Cash BCHUSD, -3.04% was up 0.7% at $618.40, Litecoin LTCUSD, -1.63% lost 1.3% to trade at $54.13 and XRP, XRPUSD, -4.79% was down 1.4% at 53 cents.

Bitcoin futures finished higher for the second day running. The Cboe Global Markets November contract XBTX8, -0.77% closed up 1.3% at $6,500, while the CME Group November BTCX8, -0.84% ended the day up 1.5% at $6,510.


Source link   Presented by FxPro

Facecoin To Replace U.S. Dollar?

We're all still thinking like regular crypto heads when it comes to what Facebook's Mark Zuckerberg has up his sleeve with his stablecoin. The Zuck's not...

Bitcoin will drop to $3500 before rally

After achieving $4,097 in global average price according to data provided by Coinmarketcap.com, the bitcoin price has retraced to $4,027 and...

Bitcoin price could crash by 50% in 2019

Throughout the past week, the bitcoin price has increased from $3,901 to $4,048, by nearly 4 percent against the U.S. dollar. The relatively strong...


Bitcoin Whale moves 113000 BTC

From a massive movement of $435 million worth of Bitcoin to a big launch for Stellar, here's a look at some of the stories breaking in the world of crypto...

Facebook crypto could raise $19 billion

There's a massive upside for Facebook entering the crypto space, according to tech analysts on Wall Street. The Facebook cryptocurrency, which will reportedly...

Litecoin jumped more than 10% in minutes

Within minutes, Litecoin (LTC), the fifth most valuable asset in the global crypto market, surged by 10 percent against the U.S. dollar. The sudden short-term...


Bitcoin rate fell below $3800

In the last 24 hours, the Bitcoin price dropped from $3,874 to $3,764 by 2.8 percent, leading major crypto assets such as Ethereum and EOS to lose well over...

The first green BTC candle in 8 months

For the first time in eight months since July 2017, Bitcoin has recorded a green monthly candle on its 1-month price chart. In technical analysis, a green...

Bitcoin needs to break this level

Just when we thought Bitcoin was seeing some type of stability the price plunged more than 10 percent in less than an hour reminding investors...

  


Share: