Bitcoin Prices Explode Above $8k, Carrying Rest of Crypto Market

Bitcoin Bitcoin While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that While some may still be wondering what is Bitcoin, who created Bitcoin, or how does Bitcoin work, one thing is certain: Bitcoin has changed the world.No one can remain indifferent to this revolutionary, decentralized, digital asset nor to its blockchain technology.In fact, we’ve gone a long way ever since a Florida resident Laszlo Hanyecz made BTC’s first official commercial transaction with a real company by trading 10,000 Bitcoins for 2 pizzas at his local Papa John’s.One could now argue that Read this Term prices have been in a bit of a slump lately, seemingly hit with endless news cycles of clampdowns and stifling regulations. That narrative apparently changed Thursday, with Bitcoin prices surging over 16 percent in under thirty minutes, carrying the rest of the altcoin market with it.

For unknown reasons, Bitcoin prices have surged to new April highs, storming temporarily above the $8,000 level. The jump is noteworthy given its recent erosion below $7,000, after being down to as low as $6,800 earlier today.

At the time of writing, the price of Bitcoin is trading at $7,914, with Ethereum Ethereum Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Ethereum is an open source, blockchain-based distributed computing platform and operating system featuring smart contract functionality. Created in 2014, Ethereum now stands as the second largest cryptocurrency by market cap at the time of writing.As a decentralized cryptocurrency network and software platform, Ethereum represents the most prominent altcoin. Ethereum also enables the creation Distributed Applications, or dapps. Understanding EthereumEthereum boasts its own programming language, Read this Term also surging 12.8 percent to $467. Litecoin is also operating at $124 (8.7 percent gain), with Ripple at $0.55 (13.4 percent gain). Proponents of cryptos have been waiting for such a jump for over a month now.

Indeed, any prolonged explosion of crypto prices, a commonplace occurrence in 2017, would be welcome for markets that have seen a steady decline in Q1 2018. Finance Magnates will update the situation as it continues to develop.