Hi everyone. This market update article will cover this week's cryptocurrency price news, including Bitcoin's soar out of its slump, Steem's daily rise, and an overview of the entire crypto market. Let's get going!
Bitcoin Soaring
Over the past week, Bitcoin's prices have been consistently soaring, from a low of less than $4200 to its current price of over $4800:
It's safe to say that Bitcoin has finally completely left the monthly "slump" or dip state it was in. Bitcoin is now nearing the $5000 mark, which spells great news for holders and investors.
This also helps alleviate fears of upcoming hard forks, and shows promise in Bitcoin's future.
Bitcoin's currently at a market cap of over $80 billion dollars.
Steem Rising
Steem prices have been exceptionally volatile these past weeks due to announcements like Steemit's Smart Media Tokens (SMTs) and other market fervor, but things are starting to stabilize again today:
Over the past day, STEEM rose by over 3.5%, which is good news for all of us :) SBD's (Steem Dollars) also rose during this period, and are currently trading above $0.97.
Ethereum Increasing
Ethereum (ETH) has also increased over the past week, and is currently trading reliably over $300:
This is good news for Ethereum and other smart-contract cryptocurrencies as well.
Crypto Market Overview
This week has shown impressive rises for cryptocurrencies all over the market. With a market cap of over $156B, cryptocurrencies are showing more promise than ever.
Though Goldman Sachs hasn't started trading Bitcoin yet, they are indicating that they're very interested in doing so. As cryptocurrencies go more mainstream, Bitcoin and cryptos will soon become a normal part of an investor's portfolio, and it's important for companies and individuals to get a head start!
Thanks for reading,
— @mooncryption
image sources: All
announcement #1: @mooncryption is now on other social media! Use the buttons at the right to find our various social media pages from Steemit to Facebook to Twitter!
announcement #2: If you've been looking for @mooncryption articles all week, we're very sorry we couldn't post any! @mooncryption is currently working on a STEEM blockchain project that, we believe, could make quite an impact here. More details will be released soon!
Bitcoin is currently at very high prices right now, yet Steem is quite low. Buying Steem is a great option.
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img credz: pixabay.com
Nice, you got a 5.9% @minnowbooster upgoat, thanks to @mooncryption
Want a boost? Minnowbooster's got your back!
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The @OriginalWorks bot has determined this post by @mooncryption to be original material and upvoted it!
To call @OriginalWorks, simply reply to any post with @originalworks or !originalworks in your message!
To enter this post into the daily RESTEEM contest, upvote this comment! The user with the most upvotes on their @OriginalWorks comment will win!
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Special thanks to @reggaemuffin for being a supporter! Vote him as a witness to help make Steemit a better place!
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This post was resteemed by @resteembot!
Good Luck!
Curious? Check out:
The @resteembot users are a small but growing community.
Check out the other resteemed posts in resteembot's feed.
Some of them are truly great.
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@mrainp420 has voted on behalf of @minnowpond. If you would like to recieve upvotes from minnowponds team on all your posts, simply FOLLOW @minnowpond.
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This post received a 4.66% upvote from @randowhale thanks to @mooncryption! To learn more, check out @randowhale 101 - Everything You Need to Know!
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Got me with your nickname :D
How did you learn about charting? I am pretty new into cryptos...
Followed and upvoted !!!
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I don't make any of these charts myself :) There's no need to do so when there are so many handy tools.
Since you're new with cryptos, I'll list a few tools I found very helpful:
Thanks for your follow. I post many cryptocurrency articles as well, so if you'd like to read some of those, feel free to check out my page here as well :)
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When the fork comes get ready to dine!
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Haha, nice pun!
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Don't post irrelevant comments like this one. Spamming is not the way to earn upvotes, and it will often earn you downvotes instead.
Please stop spamming comments like this and instead post useful content to Steemit. You'll find that putting effort into your posts works much better than spamming irrelevant nonsense!
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I can tell you're very new to Steemit. Spamming is not the way to earn upvotes, and it will often earn you downvotes instead.
Please stop spamming comments like this and instead post useful content to Steemit. You'll find that putting effort into your posts works much better than spamming irrelevant nonsense!
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