Bitcoin Breaks $200 Billion Market Cap For the First Time in 17 Months
William Suberg's original article for cointelegraph.com reduced by 51%
Bitcoin set a new 15-month record high price on June 25 as the largest cryptocurrency continues its giant three-month bull run. Data from Coin360 puts bitcoin firmly in the driving seat on cryptocurrency markets, 24-hour gains topping as much as 6% to take BTC/USD over $11,350. The last time the pair traded at those levels was in the first week of March 2018, before a protracted bear market set in, which took bitcoin to lows of $3130.
The latest surge continues the surprising upward trend which set in on April 1, bitcoin shaking off negative news and other pressure to completely reverse most of its 2018 losses. In a further milestone, bitcoin's market cap now sits at over $200 billion, a figure not seen since earlier last year. Overall market dominance has now reached 60% - a record since 2017.Bitcoin 7-day price chart.
Ethereum, the second-largest cryptocurrency by market cap, inched higher to hit $313 Tuesday, one of the best performers in a broadly flat market.
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Summarised crypto news.