EVERYTHING IS GREEN IN CRYPTO! IT MAY EVEN GET BETTER!

The bitcoin price just jumped from  about two weeks of hovering around $3500 and $3,900 to over $4,150, according to the latest prices from coinbase and bittrex bitcoin exchange, and pushed bitcoin’s market capitalization over $70 billion and the total value of all cryptocurrencies to over $140 billion.

WHY EVERYTHING IS GREEN?

Bitcoin’s sudden price leap comes after a week of positive bitcoin news, with the confirmation of Samsung’s latest crypto-wallet supporting phone, tech billionaires talking bitcoin up, and approaching network upgrades,. Price of ethereum has also shot up, rising some 13%. Ripple’s XRP, litecoin, and EOS made strong gains, adding around 7% each. ETH has had the most price increase and Forbes has reported that : “This entire rally seems to have been caused by a shortage in the supply of new ethereum,” eToro’s senior market analyst Mati Greenspan said in a note to clients yesterday. “This recent rally certainly has the big fish nibbling.

Ethereum to Prove Crypto Forks Can Be Peaceful

The upgrade, which will speed up processing times, improve the way the network monetizes data storage, and reduce mining rewards from three to two, is ethereum’s eighth hard fork. ETH upgrade could be a huge event not only for the ethereum’s blockchain and network but also the whole crypto universe, as an example of healthy block-chain development.

Tags:

technology,cryptocurrency, crypto,btc,bitcoin,eth,xrp,price, ,ethereum,ethereum’s eighth hard fork, ethereum’s price, eth price

 

Mohsen Daemi
Latest posts by Mohsen Daemi (see all)