Bitcoin Near $80,000: Miners Aren’t Getting Richer, They’re Getting More Selective
Bitcoin is once again trading in the $78,000-$80,000 range, with CoinDesk’s market update pegging it at $78,400 on August 31....
Cryptocurrency prices took off in late 2017, marking the largest bull run the industry has ever seen. The cryptocurrency market reached a total capitalization of more than $800 billion, while Bitcoin, the cryptocurrency with the largest market cap, saw its price peaking at about $20,000.
This unparalleled rally made headlines in all cryptocurrency news websites and saw the industry launch into the mainstream as retail investors started to learn about cryptocurrency trading.
However, the market turned, as 2018 marked a prolonged period of decline. The entire industry was dragged down as cryptocurrency mining companies started to struggle as a result of the decreasing prices.
At the same time, though, a recent report showed that cryptocurrency exchanges have marked a record year in 2018.
Nevertheless, if you want to stay constantly updated with the latest cryptocurrency news, you’ve come to the right place.
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NewsBTC is a media which takes pride in having some of the best and most experienced professionals in the cryptocurrency industry. WIth a sense of noted dedication, NewsBTC and its team are committed in spreading awareness of this fairly nascent field, making the transition a lot easier for everyone involved.
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