$160 Billion: Cryptocurrency Market Sets New All-Time High

Investment in cryptocurrencies continues to increase.

Spurred by increases in investment, the total value of the more than 800 publicly traded cryptocurrencies and crypto assets pushed past $160 billion for the first time ever, according to data provider CoinMarketCap.

With the move, the figure is now up 1,500 percent from the $10 billion observed at the start of the year.

Notably, the new high was set even as bitcoin, the market's largest asset, continued its recent pattern of sideways trading, hovering in the $4,400-range, or about 1% below its all time high of $4,522.13 on the CoinDesk Bitcoin Price Index (BPI).

Full story at http://bit.ly/2xyhee2

Source: CoinDesk

 

 

 

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