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Bitcoin Breaks past $70 Billion Market Cap

$5K Bitcoin is starting to look actually promising. Hitting this milestone will also mean Bitcoin resolution have a market cap of roughly $83 billion, which could be ahead of to a $100 billion market cap. Hitting $100 billion would be another astonishing milestone, which will help draw wider attention to Bitcoin and the cryptocurrency locality.

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Other cryptocurrencies have bewitched quite a beating today. This could be the result of a number of intellects:

  • When Bitcoin is rallying you start to see some cryptocurrencies suffer as rolling in it is being shuffled back into Bitcoin.
  • Cryptocurrencies could be retracing after a big gathering.
  • Early signs of a possible correction.

If we look at the charts below for the comprehensive global market capital for Bitcoin and total market capital (at most altcoins excluding Bitcoin) you will see that the total market cap is on the go up, while the total market cap for cryptocurrencies has dropped in the past two days.

So far, the sum up growth is pretty stable, but the signs are there that if we continue to mature at this rate, we could possibly be at risk of another correction. Castigations are healthy, and if we see one it will be nothing to worry about as we see it happen all the time in the digital asset set.

In Other News

NEO continues to show gains. On August 9th, one NEO was at $19.25 with a superstore capital of $900 million. Right now, the cryptocurrency is supporting around the $40-$46 assortments with a total market capital of $2.3 billion. That’s a 100% value inflation with a 200% market capital hike.

This article was oldest posted on Etoro.com/blog: Our Premium Trading Partner.

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