Bitcoin beats new record of appreciation and passes the mark of $ 3,000
Bitcoin continues to be worth more and has just broken the $ 3,000 barrier, setting a new record in its valuation history. This means that each unit of the cryptomade is worth more than $ 9,500 at the time this news is being written, as shown in the chart below:
With the recent appreciation, the bitcoins market reaches an estimated total of more than US $ 50 billion, with a tendency to continue growing.
The $ 3,000 barrier was overcome after recent currency fluctuations that were even higher than usual. That's because bitcoin went through a kind of "bifurcation" on the first day of the month that gave birth to Bcash.
Bcash is a duplicate of the original bitcoin blockchain, created precisely because of bitcoin's overvaluation. The more the coin is worth, the slower mining process becomes, making it less attractive. Bcash was made to use the same blockchain, allowing the direct exchange with bitcoins, but much less valued in the moment.
Daily news and insights from the cryptocurrency world
excellent post
Congratulations! This post has been upvoted from the communal account, @minnowsupport, by Dropnews from the Minnow Support Project. It's a witness project run by aggroed, ausbitbank, teamsteem, theprophet0, and someguy123. The goal is to help Steemit grow by supporting Minnows and creating a social network. Please find us in the Peace, Abundance, and Liberty Network (PALnet) Discord Channel. It's a completely public and open space to all members of the Steemit community who voluntarily choose to be there.
If you like what we're doing please upvote this comment so we can continue to build the community account that's supporting all members.