As earlier I made a post on if it is the best time to invest in cryptocurrencies? Looks like the market is bursting while making new records daily. Today market added another $4 billion and brought its combined capitalization above the threshold of $140 billion. The market started at $136 billion in the morning and at the end of the day it ended up gaining another $4 billion to its account. The crypto market has grown about $110 Billion in this week, potentially showing that traders are adjusting to the post-China Bitcoin ban environment.
As the trend goes the prices for Bitcoin marched past the marker of $4000, and end up at $4059. As you all know that bitcoin prices had succumbed to its lowest level of $3555 in the past week on about September 22. But after that in this week it began to rise and now today its price climbed to $4047.
One of the factor for this change is that the development of Asian cryptocurrency infrastructure after hostile stance of China towards Cryptocurrency.
Unfortunately prices for ethereum did not rise as bitcoin but it did made a significant rise today. It came a bit closer to $300 as it ended up at $294 today.
Another surprise was that the prices for rippel rose it to the third, its price rose about 12%. The ripple price is now $0.204.
So guys as I have mentioned the probability that the market will rise in my previous post “is it the best time to invest in cryptocurrencies” as you can see the market is bursting and making new records. So maybe the prices will go high even further.
::::GUYS AS PER THE LATEST NEWS THE PRICES ARE STILL ON HIKE AND ACCORDING TO ANALYSTS THE PRICES FOR BITCOIN WILL SURPASS $5000 SOON::::( UPDATED AT: 10:09 IST )
If you haven’t seen my previous post then go check it out here:https://steemit.com/bitcoin/@dhanesh/is-it-the-best-time-to-invest-in-cryptocurrencies
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