Bitcoin has recently been the focus of media and investors attention as both a long-term safe haven asset and digital currency.
The exchanges decided to resume withdrawals as the People’s Bank of China made it clear they are not forbidden.
The fact that two of three leading Chinese exchanges have started Ethereum trading allows suggesting that the third one is upcoming.
A trade for $327 was recorded on the Bid around 45 minutes after Ethereum debuted in mainland China, with buying aggressive across the board.
A recent reversal in the return premium of ETH vs. ETC due to buying by Bitcoin holders means that ETC now looks exceptionally cheap.
The move can be rather eventful for the cryptocurrency ecosystem especially if followed by other large Chinese exchanges.
Ethereum has risen over 2000% in 2017. But it’s far from just another open ledger-turned-online-ATM; it’s an innovation reaching for a greater social role.
If the 25-year average is around $10,000, as increasingly looks to be the case, then it is likely that the real 25-year value of Bitcoin is in the region of $100,000 or so.
Two leading virtual currencies achieved fresh record highs on Monday, stimulated by the increasing interest from investors around the world.
The booming trend is observed among all cyptocurrencies – Bitcoin and Ethereum set new all-time highs every single day. Here are latest updates from the cryptocurrency market!
Bitcoin seems to have a strong rival with market capitalization surpassing $6 billion.