Hi everyone. This market update article will cover this week's cryptocurrency price news, including Bitcoin's soar out of its slump, Steem's daily rise, and an overview of the entire crypto market. Let's get going!
Bitcoin Soaring
Over the past week, Bitcoin's prices have been consistently soaring, from a low of less than $4200 to its current price of over $4800:
It's safe to say that Bitcoin has finally completely left the monthly "slump" or dip state it was in. Bitcoin is now nearing the $5000 mark, which spells great news for holders and investors.
This also helps alleviate fears of upcoming hard forks, and shows promise in Bitcoin's future.
Bitcoin's currently at a market cap of over $80 billion dollars.
Steem Rising
Steem prices have been exceptionally volatile these past weeks due to announcements like Steemit's Smart Media Tokens (SMTs) and other market fervor, but things are starting to stabilize again today:
Over the past day, STEEM rose by over 3.5%, which is good news for all of us :) SBD's (Steem Dollars) also rose during this period, and are currently trading above $0.97.
Ethereum Increasing
Ethereum (ETH) has also increased over the past week, and is currently trading reliably over $300:
This is good news for Ethereum and other smart-contract cryptocurrencies as well.
Crypto Market Overview
This week has shown impressive rises for cryptocurrencies all over the market. With a market cap of over $156B, cryptocurrencies are showing more promise than ever.
Though Goldman Sachs hasn't started trading Bitcoin yet, they are indicating that they're very interested in doing so. As cryptocurrencies go more mainstream, Bitcoin and cryptos will soon become a normal part of an investor's portfolio, and it's important for companies and individuals to get a head start!
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