The cryptocurrency market cap has once again crossed the $95 Billion mark today after a rough few weeks, according to analysts. The previous peak had occurred at the beginning of June when the mood of the market was bullish, and the calls of bubbles were everywhere.
Cause for Implosion
As investors began to do research and realize that the coming scaling debate could potentially split Bitcoin and orphan part of the blockchain, money began to flee Bitcoin and other coins as well. News about hackers stealing Ethereum didn’t help the mood either. As prices dropped, the market cap followed, and Bitcoin and altcoins lost substantial ground in the chaos. Thoughts of a bubble were on the minds of many investors, and especially those who had purchased at the top.
Bubble? What Bubble?
However, the market cap has rebounded, mostly because of a recovery in the price of Bitcoin. The market has seen a substantial shift upward this week, lending strong credence to the belief that Bitcoin value may skyrocket after the August 1 scaling debacle is put to rest. Bitcoin now accounts for over 47.6% of the total market cap.
Source: https://cointelegraph.com/news/cryptocurrency-market-cap-crosses-95-billionagain
Not indicating that the content you copy/paste is not your original work could be seen as plagiarism.
Some tips to share content and add value:
Repeated plagiarized posts are considered spam. Spam is discouraged by the community, and may result in action from the cheetah bot.
Creative Commons: If you are posting content under a Creative Commons license, please attribute and link according to the specific license. If you are posting content under CC0 or Public Domain please consider noting that at the end of your post.
If you are actually the original author, please do reply to let us know!
Thank You!
I'm betting on people leaving alts and going into BTC when we get closer to Aug 1.. I'm hoping on getting some of this alts with a huge discount and benefiting from BTC rise at the same time :)
Most of the people already do it
But the best part will be before 1
The Alt biggest shopping
So I'm prepared :)