Bitcoin growth reaches 100% since start of year

Market Reports | Business | Markets | Forex - Interest Rates | Technology 5/19/2017, 7:48 AM
Bitcoin growth reaches 100% since start of year

Market capitalization of the top tier of digital currencies surpassed $60 billion, and bitcoin, so far the benchmark, has doubled its value in dollars from the beginning of the year as of Friday on a number of platforms. Its range is shifting toward $2,000 as a milestone, as banks and firms with international businesses are rushing to adopt the underlying blockchain technology to catch up to competition. Emerging reports indicate corporate entities turned to speculative buying for future ransomware attacks like the recent WannaCry campaign.

The value of the bitcoin market is still dominant in the digital currency world, topping $31 billion, according to calculations on specialized exchanges. The price has more than tripled in the past 12 months. At Poloniex exchange, it edged 0.66% up to $1,959.11, after climbing to record high of $1977.89. The rate strengthened 1.65% to $1,910 at Bitstamp, the highest point in history, and $1.55% to $1,971.5 at Bitfinex, compared to an all-time record from the session, at $1,980. 

The bitcoin advanced 3.66% to 11,915.02 yuan at BTC China, after flirting with the 11,200 milestone. The value against the Chinese currency rallied 74.25% year to date and 313% over the past 12 months. At Kraken, one token bought €1,716.201, trading 0.78% in the green, following a rise to a record €1,731.293 one week before.

TeleTrader Newsroom / IT

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BTC/USD+6.72%

3,910.3200
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BTC/EUR+6.81%

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BTC/CNY~+6.98%

25,894.530
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