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posted by cmn32480 on Wednesday June 07 2017, @12:31PM   Printer-friendly
from the where-it-is-all-made-up-and-the-dollar-value-does-matter dept.

Cryptocurrencies, as a whole, now hold over $100 billion in market cap for the first time. While bitcoin (BTC) leads the pack at just over $46.6 billion, or 47.9 percent of all cryptocurrencies, the recent surge in these other coins has helped to push the total cap over the top.

Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold. One of the few stocks to match the frenetic pace of bitcoin has been Nvidia, which is up over 200 percent since July of last year.

[...] Although China, Japan and South Korea are trading at a ~$100-plus premium compared to the exchanges in the United States, most of the volume [on June 5th] has been driven by USD.

Source: Bitcoin Magazine


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  • (Score: 2) by richtopia on Wednesday June 07 2017, @03:55PM (2 children)

    by richtopia (3160) on Wednesday June 07 2017, @03:55PM (#521989) Homepage Journal

    You misread that statement:

    Since the Bitfinex hack low on August 2, bitcoin has traded better than JP Morgan, Goldman Sachs, Tesla, Apple, Google and gold.

    I interpret that as percent gains since August 2nd. While that might feel like success by some metrics, it could also feel like volatility to others.

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  • (Score: 0) by Anonymous Coward on Wednesday June 07 2017, @04:24PM

    by Anonymous Coward on Wednesday June 07 2017, @04:24PM (#522021)

    This AC already pointed that out [soylentnews.org] over an hour before you did.

  • (Score: 2) by fishybell on Friday June 09 2017, @12:30PM

    by fishybell (3156) on Friday June 09 2017, @12:30PM (#523015)

    You're right. I read "better" as "higher."