[2017-07-18]Crypto Market Crosses $80 Billion As Ether, Bitcoin Prices Gain

[Siren]

Crypto Market Crosses $80 Billion As Ether, Bitcoin Prices Gain

The cryptocurrency market continued to rebound on Tuesday, crossing the $80 billion-mark after a weekend that saw steep declines across the asset class.

Overall, the market reached a high of $84.9 billion today, up nearly 40% from a low of $61 billion this weekend.

At press time, all of the top 30 cryptocurrencies had posted 24-hour gains, according to data provider Coinmarketcap.

http://www.coindesk.com/crypto-market-crosses-80-billion-ether-bitcoin-prices-gain/

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[iram1011]

The cryptocurrency market depend largely upon the movement of Bitcoin. People usually believe that if Bitcoin price declines, altcoin price increases. But that not the case. Bitcoin and Altcoin market tend to follow each other if not directly proportional. With the surge in price of Bitcoin because miners started running Segwit2x node, there is a kind of positivity and finally the FUD is over. What I believe is the Strength of Bitcoin assures investors to invest not only in Bitcoin but in altcoin as well.

[aso118]

The cryptocurrency market depend largely upon the movement of Bitcoin. People usually believe that if Bitcoin price declines, altcoin price increases. But that not the case. Bitcoin and Altcoin market tend to follow each other if not directly proportional. With the surge in price of Bitcoin because miners started running Segwit2x node, there is a kind of positivity and finally the FUD is over. What I believe is the Strength of Bitcoin assures investors to invest not only in Bitcoin but in altcoin as well.

Movement in Bitcoin is usually a driver to move the entire market. But lately, altcoins have held their own in this volatile market. We have several billion dollar alts now. So if there is positive news on Ether or if Ripple increases its supply, the market tends to move.