After
cryptocurrencies hit record highs in 2017, US investors will be on the hook for approximately $ 25 billion worth of cryptocurrency - related taxes, according to Fundstrat Global Advisers.
India's central bank on Tuesday reiterated its concerns about Bitcoins, just days after
the cryptocurrency hit a record high of just under $ 11,800, stoking fears that a rapidly swelling bubble could burst in a spectacular fashion.
According to reports, the aggregate value of
all cryptocurrencies hit a record high of around $ 184 billion on November 1, according to industry website Coinmarketcap, making their reported market value worth around the same as that of Goldman Sachs and Morgan Stanley combined.
The world's third - largest
cryptocurrency hit a record high of $ 3.84 on Jan. 4, and since then has been steadily losing altitude in line with the broader markets.
Not exact matches
Ripple's
cryptocurrency, which
hit a
record high of $ 3.84 in January, has pulled back significantly to around 49 cents as of Wednesday, according to CoinMarketCap.com.
As both Ethereum and Litecoin soared to new
record highs Tuesday, the combined market value of
cryptocurrencies hit an all - time
high of $ 506 billion at about 7:40 a.m. ET Wednesday, according to Coinmarketcap data.
After
hitting record highs at the end of last year, these
cryptocurrencies suffered large falls in the first quarter of 2018, but have slowly started to recover.
Chinese bitcoin exchange BTCChina said on Thursday that it would stop all trading from Sept. 30, setting off a further slide in the value of the
cryptocurrency that left it over 30 percent away from the
record highs it
hit earlier in the month.
Indeed, Ethereum, the platform behind the Ether
cryptocurrency that is used as a base for tokens sold in ICOs, recently
hit a
record high of $ 1,000 up from less than $ 500 at the end of November.
Similarly ethereum, a rival
cryptocurrency started in Canada and a popular platform for app developers, has
hit a
record high.
As bitcoin
hits record highs, some
cryptocurrency enthusiasts may find an unlikely supporter of virtual money — governments and central banks.
Indeed, Ethereum, the platform behind the Ether
cryptocurrency that is used as a base for tokens sold in ICOs, recently
hit a
record high of $ 1,000 up from less than $ 500 at the end of November.
Bitcoin, the world's largest digital currency, and other
cryptocurrencies are gaining momentum as their prices
hit record high in 2017.
Bitcoin prices
hit a
record $ 20,000 in December 2017,
cryptocurrency searches were also the
highest, comprising of as much as 30 % of all searches in the five - month period of the study.
First, the price of the
cryptocurrency smashed the $ 10,000 level,
hitting a
record -
high of $ 15,000 a few days later.
That ban, as well as warnings by regulators in other countries, has driven fears of a wider crackdown and prompted a sell - off that has helped wipe almost $ 60 billion off the total value of
cryptocurrencies since they
hit record highs at the start of the month, according to industry website Coinmarketcap.
The most valuable
cryptocurrency apart from bitcoin, known as ether,
hit a new
record -
high price of $ 1,417 on Wednesday after rising more than 60 per cent in a week.
In December, the month when bitcoin prices
hit a
record $ 20,000,
cryptocurrency searches were also the
highest, accounting for 30 % of all searches in the five - month period of the study.
Good News For Litecoin Owners Litecoin owners are happy right now because the
cryptocurrency hit a new
record high of $ 64.20.
The
cryptocurrency market
hit a new
record high today, with a total valuation of over $ 187 billion.
The largest
cryptocurrency by total value
hit record highs on CoinDesk's Bitcoin Price Index (BPI) this morning, with prices reaching $ 6,600 at 11:00 UTC.
Investing.com — The prices of major
cryptocurrencies, including bitcoin and ripple were lower on Sunday, while Ethereum eased after
hitting record highs on Saturday.
As the weekend drew in, bitcoin
hit new
record highs with the entire
cryptocurrency market swelling to $ 275 billion.
While both bitcoin and litecoin took a
hit after the early September statement from Chinese regulators - followed by domestic
cryptocurrency exchanges voluntarily ceasing to offer services in the aftermath - bitcoin quickly recovered and neared
record highs against the US dollar this week.
Even with the price drop, many investors and analysts believe that the world's most popular
cryptocurrency will
hit a
record high of $ 50,000 by the end of 2018.
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