Bitcoin Price Tops $2800, Entire Market Now Worth $100 Billion

Many people express a fear in the cryptocurrency forums that we are in a 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 bubble, with prices growing too fast due only to speculation. But I guess no one told this to Asian traders, as the BTC/USD exchange rate just went over $2877 for the first time, rising another 10% day-over-day mainly due to high trading volumes in Korea, Japan and China.

The London Summit 2017 is coming, get involved!

To put this meteoric rise in some perspective, only at the start of March 2017 we reported that the price of Bitcoin surpassed that of an ounce of gold for the first time. Now, with gold trading at just $1,287, Bitcoin is much more than double the value of the precious metal used as currency since the beginning of history.

In terms of overall market cap, the Bitcoin Blockchain Blockchain Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Blockchain comprises a digital network of blocks with a comprehensive ledger of transactions made in a cryptocurrency such as Bitcoin or other altcoins.One of the signature features of blockchain is that it is maintained across more than one computer. The ledger can be public or private (permissioned). In this sense, blockchain is immune to the manipulation of data, making it not only open but verifiable. Because a blockchain is stored across a network of computers, it is very difficult to tamp Read this Term is now valued at $46 billion, or about 70% of the current equity market cap of Paypal (NASDAQ: PYPL) at $65 billion.

$100 Billion Market

What is even more remarkable than another price record for Bitcoin is that the value of the entire blockchain asset ecosystem is now $100 billion, well over that of Paypal, with BTC dominance falling to just 46%.

This figure includes every cryptocurrency and token in circulation - and there a lot of those thanks to the recent rush of ICOs (initial coin offerings) drawing in more and more millions from investors in record time. The total market cap is more than double the value it was just a month ago.

Trading volumes supporting the recent move are very high across the board, reaching about $4 billion daily. BTC/USD trading over the past twenty-four hours consisted 'just' $1.8 billion out of the total.