The latest altcoin to produce headlines is IOTA, soaring from $0.36 to $5.60 in one month, making it now the fourth-largest altcoin by market cap. The recent break-out from the upward channel points to further highs but caution is warranted as any breakdown from these levels - and 25%+ falls are commonplace - could see prices quickly back below $10,000 or lower as loose holders exit the market.īitcoin Chart: (BTC) Daily Timeframe (August 1 – December 6, 2017)Īltcoin IOTA Continues to Soar on the Internet of Things The chart below shows BTC up for seven days in a row and over 120% higher than the recent low made on November 12. We will be discussing all things Bitcoin, Ethereum, IOTA and various other crypto-currencies at our weekly webinar today at 12:00pm. The latest surge in Bitcoin boosted the total crypto-currency market capitalization to in excess of $373 billion, up from $18 billion at the start of the year. While the top two currencies by Bitcoin volume were USD and KRW, another crypto-currency coin, IOTA, also printed record turnover. The Bitcoin rally continues unabated, breaking through the $12,000 barrier overnight, with trading volume hitting in excess of $9 billion in the last 24 hours.
The DailyFX Bitcoin Glossary is designed to provide traders with a reference for important terms and concepts essential for understanding the emerging cryptocurrency universe.īitcoin (BTC) : Breaks the $12,000 Barrier IOTA price goes parabolic, up 200% this week. Bitcoin surge pushes market capitalization to a new record.
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