The Market Capitalization Of Bitcoins Has Reached $ 9 Billion
June 4 bitcoin crossed a new threshold of market capitalization, which reached $ 9 billion, according to forklog.Com.
These indicators have been observed previously, in 2014. During the market trading price of bitcoin has reached the mark of $ 576 and rose to $ 590, market capitalization rose to $ 9.21 billion. At the end of trading capitalization remained at $ 9 billion, and the cost of – $ 576.
Increased capitalization of bitcoin does not affect the other cryptocurrency. At the moment, capitalization alternative cryptocurrency total is $ 11 billion, with $ 1.1 billion accounted for ethereum, $ 221 million for litecoin, $ 202 million for ripple, $ 150 million to the dao and $ 50 million for the dash.
The growing popularity of bitcoin is due to activity in china’s markets. Chinese investors are looking for a replacement of a losing weight yuan. The country’s legislation limits the possibility of using international investment instruments, making bitcoin almost the only alternative.
By july, the remuneration of remuneration of majneram for the found unit is expected. This leads to the fall of the production cost of new coins. The increased popularity of bitcoin, as well as the above factors will lead to an increase in demand, as well as an increase in the course value.
Experts and analysts come to a consensus that the set of all factors will lead to an increase in the market capitalization of bitcoin to $ 10 billion, bringing it at $ 11.8 billion, recorded in november 2013.