The currency market continued to be on a rise on Tuesday, as most of the top cryptocurrencies are having moderate gains. For ex. The prices for Bitcoin have risen to $3934.40 which is the current situation in the market. Prices for Ethereum have passed $290 is continuing to cross the label of $300.
On Monday also in the afternoon, it quickly shot up to $135 billion and eventually risen to a present value of @137. Which is the highest point from September 20.
Bitcoin prices have increased 4% from the fall which was close to $2500 a few days back. After recovering from this fall it has gained its position and increased to $3934 at this time. It is now having a market cap of $65.3 billion.
Analysts have pointed out that this situation is because of the tensions between North Korea and the US, noting parallels to similar events last month. Another factor they pointed out is that the emergence of Asian markets such as South Korea and Japan in the wake of China’s ban on cryptocurrency exchange have also influenced this situation.
Prices for Ethereum did not climb as quickly as the prices of Bitcoin on Tuesday, but it did gained 1% more to continue it’s gradual climb. Though it is a gradual increase but, it helped ethereum to get past $290 mark. Ethereum currently have market cap of $27.6 billion.
As these currencies are gaining their positions in the market what do you think guys if investing in these cryptocurrencies this time will benefit people? Again it’s all up to the peoples who want to invest or not but in my opinion, if the situation in the world remains like this for some days or weeks I'm sure people are going to be benefitted by investing in these.
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