The prices of major cryptocurrencies dropped sharply in red, with total market cap dipping by $12 billion within one hour.
Given Ohanian, working in ‘Initialized Capital’ VC made an accurate prediction, the market cap of Ethereum would reach 2.5 trillion USD by the end of the year.
Well established companies are investing huge amounts of money into cryptocurrencies
Bitcoin price rises as Ripple fall drastically
Bitcoin is a great store of wealth. There are different ways to get Bitcoin like mining and purchasing. The currency is deemed to become more valuable in future
There is rising competition for 2nd place in cryptocurrency Market Capitalization between Bitcoin Cash and Ethereum.
People have been arguing about the future of Bitcoin with some saying it was likely to crash while other say its stable.
The analyst who had earlier predicted the price of Bitcoin to touch $5,000 this year recently declared that it will overtake the $800 billion business market cap of Apple in as little as five years.