The digital currency market hit another historic record this week as the market jumped to more than $ 558 billion following the rally of alternative currencies led by both the etherium and the ripple. Where the digital currency market started at $ 467 billion, and was unlikely to reach $ 558 billion quickly. However, led by the rise in alternative currencies, the market jumped above the $ 550 billion barrier on Tuesday evening, which eventually reached $ 558.3 billion. At this level, the digital currency market has exceeded the value of Berkshire-Hathaway, led by legendary investor Warren Buffett.
The price of the Bitquin remains above $ 18,000
One might expect this rise in the value of the digital currency market to coincide with the significant rise in the value of the Betquin, but this is not true this time. Although Bitquin hit a new all-time high on the Bitfinex trading platform, with a global average of $ 18,781 and then retreated to the previous level. At present, Betcairn is trading at $ 18,184, a one-day increase of 1 percent with a market value of $ 287.6 billion.
Low price of etherium
The price of etherium is down to $ 65.953. At present, the total price is $ 684, which translates into a market value of $ 65 billion. However, there are many factors that play a major role and are likely to continue to increase sales volume. Yesterday, the ethereal network processed an average of 10 transactions per second for the entire day, the highest ever.
The decline in the currency of the ruble
The value of the riyal fell by 4.2 percent as a result of lower demand from Korean traders. The company now has a market value of $ 29.6 billion, which means that if this happens again, the ripple will fall further to $ 28 billion.
The Ripple dropped against the Laine Quinn, which started to decline further. At present, the Loit Coin currency is trading at $ 300.83, down 0.75 percent. While the "IOTA" currency fell by 5.13 percent, which was ranked sixth. In addition to the Dash, which also achieved a spectacular rise, valued at $ 905.65 dollars. The Neem currency traded in ninth place, while the Bettkin Gold was down 1.72 percent.