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Published: Wed, August 16, 2017
Economy | By Melissa Porter

Today Bitcoin Surpasses $4000 USD Value per!

Today Bitcoin Surpasses $4000 USD Value per!

As key players in the finance sector including the Chicago Board Options Exchange (CBOE), the largest options exchange in the U.S., continue to establish necessary infrastructures for institutional and retail investors, the cryptocurrency market will grow in terms of market cap and daily trading volumes. He also does not deny the possibility for currency to surge to $50,000 in 2027. The idea is that, as there's a finite number of them (there's an intended cap of 21 million bitcoins), their value won't crash like fiat currencies (such as the USA dollar). The cryptocurrency market, generally, sees ups and downs more quickly and unexpectedly in comparison with the traditional stock markets.

In essence, cryptocurrencies provide a viable method of owning a unique digital currency which presents some ever fluctuating value. Bitcoin Cash apparently raises the size of the block, which should enable more transactions to go forward at a faster pace, if and when blocks are created. There is still a lot of volatility in cryptocurrencies, but things are slowly falling into place on a global scale. Ethereum is # 2 at $28.4 billion and Ripple is # 3 at $6.8 billion. The market cap constitutes slightly more than $71,5B. Cryptocurrencies are here to stay, and while awareness of them is growing with the general public, people with actual knowledge about how they work is still very small. There is a clearly defined relationship between Bitcoin and all of the alternative cryptocurrencies in existence. Goldman Sachs, for instance, told clients in an August 10 note that the cryptocurrency space is worth paying attention to.

Several internet users already do, so much so that the most popular cryptocurrency, bitcoin, has shot up in value from a few cents in 2009 to $4,114 as of this writing. Other currencies such as Ethereum, Dash, Monero, and Litecoin are only just starting to shine as well.

You should do a significant amount of investigation into what cryptocurrency you want to invest in, just like any stock, before you buy. On Sunday, chief technician Sheba Jafari suggested that the price of bitcoin could cross the line of $4000 especially taking in consideration that then it had approached the target of $3,600 she set late last month. "Through its innovative cryptocurrency education and trading subscription service, the Company endeavors to be the leading Chinese educational site providing up-to-date news and information on digital currencies". As we continue to discover new applications of the technology, both in and outside of finance, it will be interesting to see where else blockchain can take us-and how big of an impact it will ultimately have.

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