The latest Bitcoin news showed what we all knew – that the next strong move is here and building up slowly. After days of green on the market with minimal rises, this Monday starts with great news for Bitcoin, Ethereum and other coins which are all in the green and have surged by at least a few percentage points.
Ethereum managed to surge by 13% which brought the biggest altcoin to a price of $138 and increased the market cap difference it has with Ripple (XRP). Speaking of, XRP has also surged by less than 3%, growing stable at $0.309.
The most dominant cryptocurrency out there, Bitcoin, has surged to $3,754 while adding billions to the market cap – setting the bar higher once again and coming close to the $4,000 mark.
The market is now used to greens like these especially because since 2018, Bitcoin has been constantly registering the red candles and is now in a positive trend which may recommence and mimic some of the best days of the most dominant cryptocurrency.
When it comes to the Bitcoin network, the transactions are ever increasing and the average fee is taking a downward shift. According to Blockchain.com, the biggest block with an average size of 1.305 megabytes has been mined which has seen the result of ever-increasing adoption of the Segregated Witness (SegWit) which now accounts for 40% of all the Bitcoin transactions.
This new surge continues to spread the Bitcoin awareness and adoption worldwide, and those who really need it are investing in this uncensored and borderless cryptocurrency. Even institutional investors are jumping in the bandwagon – in the form of Nasdaq, Bakkt and Fidelity as the three biggest names so far which made the crypto news this month.
The total cryptocurrency market cap also increased and is right now circulating with $126 billion.
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