After dipping below $7,300 on most major cryptocurrency exchanges, the price of bitcoin has spiked 7 percent overnight, increasing from $7,240 to $8,467, triggered by a variety of factors. Continue reading Bitcoin Spikes 7% to $8,460 Overnight
Following a long-term bearish trend on altcoins this autumn, the cryptocurrency market was surging at the end of the last year. Altcoins as Ripple (XRP), Stellar (XLM), Verge (XVG), Cardano (ADA) skyrocketed in the course of two to three week. Many others grew in price by five to ten times with the record-setters, such as Tron (TRX) and Verge – by 20 to 30 times respectively.
Many altcoins proved to be stabilizing. Major players such as Ethereum (ETH) increased immensely with a huge capitalization. It should be noted that the increase in prices has been growing alongside a relatively stable BTC price, which means that all the generated profits were nominated not only in US dollars but also in BTC.