RATE Group | Bitcoin Increases 15% Adding $20 Billion to Cryptocurrency Market
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Bitcoin Increases 15% Adding $20 Billion to Cryptocurrency Market

11 Dec Bitcoin Increases 15% Adding $20 Billion to Cryptocurrency Market

Posted at 12:13h in Cryptocurrency News by

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Photo: PEXELS

Photo: PEXELS

Bitcoin trading peaked at $4,341.44. It was a sudden turnaround from the week of Thanksgiving, especially when considering that at one point is dropped 80% from its highest peak.

The recovery was a welcome relief to investors who have seen it drop by as much as 30% over the last 7 days. The increase further fueled other cryptocurrencies by double digits and that saw trading exceed $20 billion a day, based on reports by CoinMarketCap.com.

The market increase also saw substantial gains for XRP, which jumped 12% and Ethereum rose by 14%. However, the increase hardly makes up for the losses of investors who suffered losses this year, and is especially painful for when considering this time last year it was valued at over $16,000.

That translates to more than a 77% decline from Bitcoins highest value and for pundits that use cryptocurrencies with various merchants, such as those marketed by Betenemy, the increase is good news.

Andy Bromberg, the president and co-founder of…

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