Bitcoin tops $2500 and Ether tops $210 (Both all time highs)
In fast and furious trading today Bitcoin topped the $2500 price point and Ether topped the $210 mark.
Both would be all time highs for the coins.
Bitcoin currently is enjoying a $40 billion dollar market cap and Ether currently is around the $18 billion mark.
They represent the 1st and 2nd largest market caps (respectively) in the space.
The latest surge seems to be fueled by general euphoria in the space after CoinDesk's Consensus 2017 concluded yesterday.
In particular, Fidelity's CEO voiced her enthusiasm for Bitcoin and Ethereum fairly emphatically. Her statement, along with an announcement that Enterprise Ethereum Alliance had tripled in size, seemed to be major catalysts for the two coins.
Enterprise Ethereum Alliance (EEA) is a consortium of investors. You can see a list of the investors here:
https://entethalliance.org/members/
It's a sort of "who's who" of investors and major corporations in the financial markets, including the likes of JPMorgan, Microsoft, and Intel. I was a bit surprised to see all of the heavy hitters involved in the consortium, personally.
It appears they have definitely caught the attention of the mainstream financial markets.
EEA's involvement has been one of the major catalysts for Ether's astounding returns over the past several months.
While Bitcoin has more than doubled in the last year, Ether has risen over 2,300% in the last 5 months alone.
The news yesterday specifically, was that EEA had added 86 additional members, including Samsung, Toyota, and Merck
Adding even more fire power to the already impressive list.
I guess those are the kinds of returns one would expect to see when the mainstream major financial players and corporations start to take an interest in the space.
Looking forward to the days when Steem sees similar adoption and similar price gains.
Stay positive my friends!
Sources:
http://www.coindesk.com/bitcoin-ether-set-new-time-highs-amid-market-boom/
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
Image Sources:
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
Follow me: @jrcornel
Where do bitcoin and ethereum run ends ?? What is the indication of slow down? What goes up need to come down.
That is what everyone would like to know. I have no idea.. I honestly thought it would pull back about 25% ago, around the $2000 number. No pullback at all, just a break and go.
it came down
This is just the beginning in my opinion.
I think so too. It looks like the big guys are starting to think that too, as they are getting involved in the space now.
Dear I really did enjoy your post , and thank you
thank you for this post dear. upvote.
Number one is the best post..
Resteem @jrcornel
Thank you!
You are welcome.^^
nice post! Reddcoin had a good day too 2day!
I don't follow it. Do you own much of it?
a few, also been discussing it for the last 2 weeks, looks like it has a good future in social media.
Interesting, ty
You got it. I had no idea so many heavy hitters were involved with Ether... I think crypto is officially on the map.
who knows when the pullback is coming??? any guesses
No idea. I thought it would happen around $2000. Here we are 25% higher. Your guess is as good as mine. I am sure there will be pullbacks along the way though.
do you follow Clif High and Web bot?
I do not. Why do you ask?
He was saying the data showed a $500 pullback at 2300, but it was actually a pullback TO 2300.
True....but's not like reading a book. He has to have some interpretation. His calls on silver have been slow to off....timing is hard I guess.
🍒 Yeah BTC and ETH are going up but STEEM and SBD and other cryptos are going down today :/
I'm feeling that this is only the start..