After hovering around $6,939 earlier these days, Bitcoin has gained over $1,000 in just 45 minutes this morning, breaking the $8,000 mark.
Crypto markets turn positive over the news of some big industry giants from the world of finance joining the crypto space.
The overall cryptocurrency markets have corrected heavily in the last 24 hours as the crypto markets valuations have dropped to $310 billion.
The transactions costs on the Bitcoin network have gone lowest in the past six months due to the reduction in network congestion as well as with the implementation of the SegWit support.
Bitcoin is not the only cryptocurrency suffering from the drop – the whole cryptocurrency market goes down for no evident reasons.
Bitcoins that are worth nothing. No, it’s not a joke. It’s a glitch that occurred at one of the Japanese cryptocurrency exchanges.
With a momentary spike above $11,000 levels, the price of Bitcoin has pulled back down again and is consolidating around $10,700 levels.
Experts say that Bitcoin’s attraction for institutional investors may increase correlation, with crypto market hitting $1 trillion this year. As Bitcoin’s correlation with stocks jumps to 2-year high, the currency becomes like everything else on Wall Street.
After its bullish run to above $800 billion, crypto markets are seen correcting by nearly 10%.
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The cryptocurrency ecosystem is definitely changing with altcoins rising in value and endangering the indisputable leadership of Bitcoin.
Austrian cabinet ministers offered guidance on the status of bitcoin.