In fast and furious trading today Bitcoin topped the $2500 price point and Ether topped the $210 mark.
Both would be all time highs for the coins.
Bitcoin currently is enjoying a $40 billion dollar market cap and Ether currently is around the $18 billion mark.
They represent the 1st and 2nd largest market caps (respectively) in the space.
The latest surge seems to be fueled by general euphoria in the space after CoinDesk's Consensus 2017 concluded yesterday.
In particular, Fidelity's CEO voiced her enthusiasm for Bitcoin and Ethereum fairly emphatically. Her statement, along with an announcement that Enterprise Ethereum Alliance had tripled in size, seemed to be major catalysts for the two coins.
Enterprise Ethereum Alliance (EEA) is a consortium of investors. You can see a list of the investors here:
https://entethalliance.org/members/
It's a sort of "who's who" of investors and major corporations in the financial markets, including the likes of JPMorgan, Microsoft, and Intel. I was a bit surprised to see all of the heavy hitters involved in the consortium, personally.
It appears they have definitely caught the attention of the mainstream financial markets.
EEA's involvement has been one of the major catalysts for Ether's astounding returns over the past several months.
While Bitcoin has more than doubled in the last year, Ether has risen over 2,300% in the last 5 months alone.
The news yesterday specifically, was that EEA had added 86 additional members, including Samsung, Toyota, and Merck
Adding even more fire power to the already impressive list.
I guess those are the kinds of returns one would expect to see when the mainstream major financial players and corporations start to take an interest in the space.
Looking forward to the days when Steem sees similar adoption and similar price gains.
Stay positive my friends!
Sources:
http://www.coindesk.com/bitcoin-ether-set-new-time-highs-amid-market-boom/
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
Image Sources:
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
Follow me: @jrcornel
Where do bitcoin and ethereum run ends ?? What is the indication of slow down? What goes up need to come down.
That is what everyone would like to know. I have no idea.. I honestly thought it would pull back about 25% ago, around the $2000 number. No pullback at all, just a break and go.
it came down
This is just the beginning in my opinion.
I think so too. It looks like the big guys are starting to think that too, as they are getting involved in the space now.
Dear I really did enjoy your post , and thank you
thank you for this post dear. upvote.
Number one is the best post..
Resteem @jrcornel
Thank you!
You are welcome.^^
nice post! Reddcoin had a good day too 2day!
I don't follow it. Do you own much of it?
a few, also been discussing it for the last 2 weeks, looks like it has a good future in social media.
who knows when the pullback is coming??? any guesses
No idea. I thought it would happen around $2000. Here we are 25% higher. Your guess is as good as mine. I am sure there will be pullbacks along the way though.
do you follow Clif High and Web bot?
I do not. Why do you ask?
He was saying the data showed a $500 pullback at 2300, but it was actually a pullback TO 2300.
True....but's not like reading a book. He has to have some interpretation. His calls on silver have been slow to off....timing is hard I guess.
🍒 Yeah BTC and ETH are going up but STEEM and SBD and other cryptos are going down today :/
I'm feeling that this is only the start..
It's great, I've made a shrine to the blockchain gods and make a beer sacrifice daily.
To The Moon Alice!
a few months ago I would say it's crazy but now it's normal
Thanks for the info. A bit sad that i sold my 180 mined ethereum last year for about € 6 a piece.... But now that you told me the big corps are behind the latest increase i might re in vest some :)
ya... theres a few big names behind ETH now.
http://www.reuters.com/article/us-ethereum-enterprises-consortium-idUSKBN1662K7
nice...rs and upvote for you...
its just the beginning guys, imagine 10 years from now how huge crypotcurrecy are gonna be everywhere, im preparing my future a little bit at a time , its a sure thing bitcoins are here to last, not sure of others currency though
the runs in bitcoin is never gonna end, its a small market and the world is big, and its just the beginning
I'm late to the game, would have loved to been aboard a few years back, heck even a few months! Oh well, there is still lots of upside we can't always get in on the bottom.
Bitcoin is still undervalued & Ether is now overvalued :)
Cannot agree with you. Ether has real use value and as more and more Dapps get deployed on the ethereum block chain, and once Qtum go live in September there will be an acceleration of use cases...and hence demand for ethers to fuel transactions.
This is exponential growth driven by Chinese looking for safety. This will have a very disturbing effect when the plug is pulled.
The fact that these big names in financial services are scrambling to gain a piece of the pie suggests that we're still in the very early days of a major rally.
I like it,
Nice result..
I invest moslty in Bitcoin and some other cryptos. Also own a few ETH, but not as much as I like!
ETH is at the same price that BTC was when I started investing in it! Unbelievable! :-)
What could be going on with steem?
i wonder where apex of Bitcoin is?
Good post! i was wondering where you got the CoinDesk's Consensus 2017 info from?
Bitcoin surges more than 12% to an all-time high above $2,700 then gives it all back
Bitcoin hit a record $2,791.70 before erasing most of its gains, according to CoinDesk.
That's more than twice its April 30 price of $1,347.96.
At Thursday's record, bitcoin had gained more than 45 percent in a week and more than 180 percent this year.
Evelyn Cheng | Fred Imbert
17 Mins Ago
CNBC.com
Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May Bitcoin surges 11% to all-time high above $2,700; Has now doubled in May
2 Hours Ago | 00:35
Bitcoin jumped more than 12 percent to an all-time high of $2,791.70 Thursday on strong demand out of Asia, bringing its gains for the month of May to more than 100 percent, according to CoinDesk.
But the digital currency's volatility became apparent later in the session, as it gave up most of the gain and was last little changed at about $2,489.60, according to CoinDesk.
Bitcoin, intraday
Source: CoinDesk
The rollover came just as interest in Bitcoin was peaking and apparently overwhelming some digital exchanges where the coins can be bought and sold. CoinBase told Reuters in the afternoon: "We're continuing to experience degraded performance on our website and mobile app."
At Thursday's record, bitcoin had gained more than 45 percent in a week and more than 180 percent this year.
Coin and the furious
ETH even reached 220$ today on gdax, and crashed right afterwards back to 190$.. but it will continue rising!
check out my technical analysis on Ethereum. Let me know what you think?
https://steemit.com/ethereum/@dragonsteem/what-happened-to-ethereum-today-where-is-eth-going-tomorrow-technical-analysis-5-25-2017
You have good points mate :)
it will cost 1 million $ someday : https://steemit.com/bitcoin/@clixmoney/1-bitcoin-will-cost-more-than-1-million-usd
Thanks for the post!
Why no one is posting anymore...? LOL 2 days and you are all feeling sorry? =) Investing is not for lucky ones. Learn and replicate.