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The cryptocurrency market has become worth more than $3 trillion value, according to the marketers and electronic economy, as mainstream investors increasingly jump on board.
The value of the cryptocurrency has reached $3.007 trillion (2.6 trillion euros), which is said by CoinGecko, which tracks the prices of more than 10,000 cryptocurrencies in the market.
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The cryptocurrency market is speedily growing at a mind-blowing speed, part of it is speculation, of course, while the other part of it is real. Cryptocurrency is now making its way to traditional finance and to put everyone on board.
Bitcoin is the world’s biggest cryptocurrency, which has hit a record-high $66,000 last month after taking another level towards the mainstream board. It moves suddenly backward above $66,000 close to its all-time peak after a five percent jump.
Ethereum, been the second-biggest cryptocurrency in the market value, has also hit a record-high $4,768 in the cryptocurrency market value.
Bitcoin futures exchange-traded fund, this is a type of financial instrument, launched on the New York Stock Exchange. ETF is a more accessible vehicle that puts bitcoin firmly within the grasp of even more investors. Most investors see cryptocurrencies as a hedge against inflation.
Bitcoin is bouncing higher again, close to all-time highs,
The recent surge in cryptocurrency partly seems to have been caused by investors piling in.
Not more than 21 million bitcoin can be created, helping its price to trade way above its rivals, but trading of cryptocurrencies, in general, has shown to be extremely exploding with massive price swings a common occurrence.
Posted Using LeoFinance Beta
