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Bitcoin, Ether Prices Surge to Fresh All-Time Highs
The top two cryptocurrencies by market capitalization have continued their respective rallies, setting fresh record highs today.
Updated Sep 14, 2021, 1:55 p.m. Published Nov 25, 2017, 10:30 a.m. 1 min read
The top two cryptocurrencies by market capitalization, bitcoin and ether, have continued their respective rallies, setting fresh record highs today.
Soon before press time, the price of 1 BTC had set a new record of $8,470.73.
Having traded more or less sideways since Monday, prices started to lift at 07:00 UTC, setting the new all-time high at 09:43, according to CoinDesk's Bitcoin Price Index.
Bitcoin started the session today at $8,201, and is up 2.85 percent for the session. According to CoinMarketCap, bitcoin has risen 11.97 percent over 24 hours, and 39.25 percent for the week.
The sharp gains come as the combined market capitalization for all cryptocurrencies also peaks at new highs – currently standing at $267.6 billion. Bitcoin's market cap is now over $141 billion.
Elsewhere in the cryptocurrency markets, ether also continues to set new highs.
The native token of the ethereum project soared to $485.19 around 01:30 UTC this morning. Currently the token stands at $464, up 12 percent for the day and 39 percent for the last 7 days, also according to CoinMarketCap data.
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The creator of the Mayer Multiple argues bitcoin’s growing economic substance is compressing volatility and attracting deeper capital.
Что нужно знать:
- Bitcoin volatility has dropped from around 120 in 2017 to 35 as institutional participation and options markets add stability to the asset.
- Mayer believes lower volatility makes bitcoin more investable for corporations, family offices, and institutional investors.
- Despite long-term concerns around miner security incentives and quantum computing, Mayer remains bullish...
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