Bitcoin

Cryptocurrencies have reached 245 billion dollars market value

15 May 2019 Wednesday
Cryptocurrencies have reached 245 billion dollars market value
Ağahan  Çelik
Ağahan Çelik Editor

Analysts are optimistic

Bitcoin has ended the dramatic decrease in its value and went up to $8.000. The world of crypto money, which continued to rise under the leadership of Bitcoin, reached a market value of 245 billion dollars.

Cryptocurrencies have reached 245 billion dollars market value

In December 2017, the cryptocurrency, which was the highest in all time, reached $19,500 and a year later it went down to $3,100. Bitcoin kept its stability in the first months of 2019 and valued between 3,000 and 4,000 dollars, and last week it reached $6,000. 

The US-based crypto-currency exchange analyst Josh Rager (Level) said that Bitcoin has completed three cycles so far. After the %80 value decrease in 2017, if the cycle continues to increase, Bitcoin is expected to rise 2.400 percent and hit the value of $80.000. 

So, what's happening to the crypto money market under the leadership of Bitcoin? Bitcoin, which fell 2.21 percent in the last 24 hours, is valued at $ 7,957 right now. Bitcoin, which has $140 billion dollars market value right now, constitutes the 57.8% of the market.


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