The total
value of all cryptocurrencies peaked around $ 833 billion on Sunday before correcting lower over the past 20 hours.
Not exact matches
Although the price
of Bitcoin has lost more than half
of its
value since
peaking in December at nearly $ 20,000, the
cryptocurrency has still made many investors wealthy.
It should be noted that in 2013, bitcoin was up roughly 5,300 % as the dollar
value of the
cryptocurrency rose from $ 13.59 to $ 731, after
peaking at more than $ 1,150 in December 2013.
2017 was the best year on record for Bitcoin as the
cryptocurrency climbed from being
valued at under $ 1,000 at the start
of the year to nearly $ 20,000 at its
peak by December.
Chris Morales, head
of security analytics at Vectra, told Siliconrepublic.com: «Students who mine
cryptocurrency are simply being opportunistic as the
value of cryptocurrencies surged over the past year, with the
value of bitcoin
peaking at $ 19,000 in January 2018.
Saxo Bank predicts that the
cryptocurrency will continue to gain in
value through most
of 2018,
peaking above $ 60,000 with a market cap
of more than $ 1 trillion.
These comments come from a letter from the FSB chair / Bank
of England Governor, noting «even at their recent
peak, their (
cryptocurrencies) combined global market
value was less than 1 %
of global GDP,» he continued.
Through the
peaks and troughs in the past three months, Litecoin has proven itself as a
cryptocurrency that maintained its
value better than all
of its top peers.
After hitting a
peak market cap
of $ 835 billion, the combined
value of cryptocurrencies was, at one brief point, cut in half.
The sudden crash in bitcoin prices heading into January appears not to have deterred opportunistic students seeking to take advantage
of campus electricity, with the report adding that «Even as the
value of bitcoin fell 50 % from its
peak -LSB-...], the number
of computers performing
cryptocurrency mining» on campuses did not decline.