Cryptocurrency’s combined market capitalization has hit $3trillion for the first time ever, as #Bitcoin and #Ether approach record highs. Talk about the "Bandwagon Effect”. Enjoy the ride while it lasts.
zerohedge.com/crypto/crypto-…
"Most institutions should be looking at crypto at this stage, crypto is going to be the future of the fintech industry and the future of money" - @cz_binance on @BloombergTV
According to CoinGecko, the cryptocurrency market broke through 3 trillion U.S. dollars on November 8. BTC accounted for 41.4% and ETH accounted for 18.6%.
A Connecticut jury found that four digital asset products were not investment contracts, and therefore not securities, even though they were claimed as such by the SEC in a separate case.
reuters.com/legal/transact…
Huh.
Some people think Nov close $98K is too big a jump. It is +60% from current level. Yes that is a big jump. But #bitcoin did this many times before:
May 2019 +62%
Aug 2017 +66%
May 2017 +66%
Nov 2013 +451%
Oct 2013 +61%
Mar 2013 +181%
Feb 2013 +63% etc