Bitcoin and Ethereum hit record highs amid market growth

in bitcoin •  8 years ago 

The price of bitcoin and ether, the digital tokens that feed the bitcoin and ethereum blocks, reached new price records today. At the time of the post, the bitcoin gave corrected to $ 2,450 and a total market capitalization of $ 40 billion for the first time. Ether, currently the second largest by market capitalization, reached $ 228.37, according to the CoinMarketCap. Rising to this level, ether prices surpassed the previous record of $ 201.75 set on May 22, although the price of the cryptomaned declined somewhat during the preparation of the post, being traded for $ 193. The price of Bitcoin and ether have reached this record level amid a broader increase in crypto-coin investments, with other altcoins such as zcash reaching record highs.bitcoin-and-ethereum-sitting-on-a-tree@2x.png

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Nice post.

Here's my post on what could be one of the driving factors

https://steemit.com/bitcoin/@kasati/how-asian-economies-drove-bitcoin-prices-and-how-long-will-it-last

I'm leaning towards an overall crash happening very soon in the crypto-market, I'm thinking inside of a week, but I also believe that the correction will complete at a higher level than where all this crazy growth (bubble?) started from -- an important achievement for wide-scale adoption in the future, IMO.