The price of bitcoin fell 2% on Saturday, falling below $ 4,300 after briefly approaching its record high. The price for the ethereum was stable at around $ 335, while the price of bitcoin cash fell 3% to $ 626. As a rule, earlier, this led to a slight reduction in the market, but this time the confident growth of Monero and Dash provided the support necessary to maintain a record level of capitalization.
The total capitalization of the market has fluctuated throughout the day, but, thanks to the Altkoins, the total capitalization has increased by $ 400 million over the past 24 hours. Currently, the total capitalization of all crypto-currencies is 155 billion dollars.
The price of bitcoin fell to $ 4,300
The price of bitcoin increased by 4% on Friday, which allowed investors to hope that the price is about to exceed the mark of 4,500 dollars. Unfortunately, the price of bitcoin began to fall around 20:00 UTC, and on Saturday it continued to decline gradually. At present, the price for bitcoin is 4284 dollars, which corresponds to a market capitalization of $ 70.8 billion.
Nevertheless, many analysts expect that the growth in the price of bitcoin will continue in the coming months. Gatecoin CEO Aurelien Menant predicts that bitcoin will reach $ 5,000 by the end of the year, while Wall Street strategist Tom Lee predicts that by mid-2018 he will overcome the $ 6,000 threshold.
The price for Dash soars to 400 dollars
The total capitalization of the crypto-currency market owes its stability to the prices for Monero and Dash, which in August set new historical records. Last month, the price of Dash was $ 200. It gradually grew during the following weeks, after all, breaking through the mark of 300 dollars on August 20. The price fluctuated around $ 300 a level for most of the week, but a spike in trade at Bithumb helped Dash rise above $ 400, and set a new high of $ 409 on Saturday morning. The price of Dash has dropped a bit since then and is currently $ 387. This gives Dash a market capitalization of $ 2.9 billion, fixing it securely in 5th place.
One factor that influences the rapid rise of Dash is the fact that they may sponsor a new show by Max Keyser who offered them full sponsorship of their new show The Great American Pilgrimage in exchange for 2000 Dash (775,000 dollars at the time of writing ).
The price of Monero increased by another 45%
Dash is not the only crypto currency that showed miracles of growth this week. The price of Monero grew almost threefold, as Bithumb, the world leader in the volume of trading among the crypto-exchange markets, announced that it will include XMR in its listing.
On Friday, the price of Monero for the first time exceeded $ 100, but its growth did not stop. This morning, the price of Monero rose another 45%, raising it to a record level of 146 dollars. Currently, the price for this crypto currency is $ 140, resulting in a market capitalization of $ 2.1 billion. At present, there are nine Crypto-currencies, the market capitalization of which exceeds $ 2 billion.
The market share of bitcoin decreased to 46%
Yesterday, the share of bitcoins in the total market capitalization rose to 47% after the fall of the previous week. Nevertheless, Dash and Monero bit off some of the capitalization of bitcoin, reducing it to 46% on Saturday.
Ethereum accounts for about 20% of the market, while Ripple's share fell to 5.3% after it grew at the beginning of the week. Dash's market share is quickly approaching 2%, while Monero has grown to 1.4%.