RATE Group | CRYPTOCURRENCY news: Total value of ALL crypto to hit $800 billion within 12 months | Ci…
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CRYPTOCURRENCY news: Total value of ALL crypto to hit $800 billion within 12 months | Ci…

25 Jul CRYPTOCURRENCY news: Total value of ALL crypto to hit $800 billion within 12 months | Ci…

Posted at 15:37h in Cryptocurrency News by

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Bitcoin’s return to $8,430 marks an over 40 percent rise from the multi-month low of $5785 recorded in 2018 and positivity is in the air with Matthew Newton, analyst at eToro, telling Express.co.uk that there’s “real strength” in the move back past the $8k mark.

He said: “If bitcoin can close above $8,000 today, we could assume that we may have a good run toward $10,000.”

A similar sentiment comes from Joseph Young, analyst and investor, who tweeted: “Bitcoin back to $8,100 and crypto market to $300 billion are all great, but I’m interested in the volume.

“Bitcoin’s volume was $3 billion last week. As of July 24, it is $6.8 billion. Total cryptocurrency market volume is nearly $20 billion. Positive stuff.”

In terms of market capitalisation, the cryptocurrency market cap surpassed the $300 billion mark for the first time since mid-June.

Mike Novogratz, founder of Galaxy Digital, has returned to his heady prediction of a 2018 $800 billion market cap for all…

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