Cryptos Land: CoinMarketCap Rushes to $100 Billion as Bitcoin Surges

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Sunday, 23 July 2017

CoinMarketCap Rushes to $100 Billion as Bitcoin Surges

Latest data from Coinmarketcap shows the Cryptocurrency combined marketcap is once again inching closer to $100 Billion after it fell down to as low as $70 Billion with in few weeks due to Bitcoin scaling problem marked with the danger of chain split.

However, after BIP (Bitcoin Improvement Proposal) 91 get locked in the price was surged to around $2900 before settling around $2700. Giving a breathe to confidence in cryptocurrencies the market is back and normalizing. It is expected that traders are likely to flock in back with in few days.

Showing signs of Big gains the Bitcoin has moved some other popular Altcoins. Price of Bitshares and LBRY increased to about more than 40% as traders expect a surge in prices of Altcoin and bet their money in it.

The Bitcoin price is predicted to be around $5000 at year end if there is no chain split in November.

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