Bitcoin has gone above 6500 mark and it is trading at $6599 which is around 4% above within 24 hours of time.Not only bitcoin but the price of other cryptos like ethereum is 6 percent above its price within 1 day .It is trading at $470,relatively new crypto coin EOS is 8.5% up.Other than that IOTA is topping the chart with 9% high and its price is $1.13.
The market cap is $269 billion comparing to last week,it was $262 billion.Although,many crypto currencies are dead,nearly 800 of them but bitcoin has maintained its dominance over the market and its price is 70% record high.Bitcoin,itself has gone through a bad phase when its price went down 70% after reaching to $20k mark.
Often we see a lot of ICO's release their coins and investors show their interest in buying them also,as it could profit them with good return in future and it is affordable in price as they are low.They can buy companies product through them but companies do not provide them equity stake.
It would not be wrong to say that ICO's are really risky thing for investment.
