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A $ 1 billion encryption club swells to 16 big hitters while the price of bitcoin is estimated at $ 10,000

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The global average price of bitcoin briefly hit the $ 10,000 Tuesday, thanks in large part to significant premiums on South Korean trade. Meanwhile, the number of cryptocurrencies in the $ 1 billion club has reached a new historic high – and others are about to reach that status soon.

<img class="size-full wp-image-124969" src="https://businessdigit.com/wp-content/uploads/2017/11/a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" bitcoin price "width =" 1067 "height =" 162 "/>

Source: CoinMarketCap

In total, this was another record day for the industry, and the total market capitalization of cryptocurrency reached $ 310 billion, a new increase that represents an increase of nearly $ 300 billion since the beginning of the year.

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<img class="size-full wp-image-124965" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_174_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" bitcoin price "width =" 1111 "height =" 449 "/>

Source: CoinMarketCap

Bitcoin global price: $ 10,000

The world average price of bitcoin briefly entered the five-digit territory this morning, and CoinMarketCap reports that it reached $ 10,106 before returning below that threshold. No Bitcoin USD currency pair has reached $ 10,000, although BTC / USD has hit a new high of $ 9,941 on Bitfinex. However, demand has risen on the Korean markets, and this demand has pushed the bitcoin price up to $ 11,000 on Bithumb, which has allowed the world bitcoin price to temporarily exceed $ 10,000. At present, bitcoin is valued at a global average of $ 9,985, which translates into a market capitalization of $ 166.8 billion.

<img class="size-full wp-image-124964" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_172_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" bitcoin price "width =" 1073 "height =" 480 "/>

Bitcoin Price Chart | Source: CoinMarketCap

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Ethereum Minor Decline Award

Ethereum challenged a psychologically important milestone – the $ 500 threshold, to be exact. Until now, it has not been able to break through this barrier, despite a rise of $ 493 Monday morning. On Tuesday, Ethereum posted a two per cent drop, bringing the second largest cryptocurrency at a current value of $ 472 and a market capitalization of $ 45.3 billion.

<img class="size-full wp-image-124963" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_359_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" ethereum price "width =" 1088 "height =" 491 "/>

Price Ethereum Chart Source: CoinMarketCap

The Billionaires' Club swells up to 16

The altcoin markets recorded a sharp decline of a few hundred million dollars Tuesday, but a significant number of mid-cap coins have made significant progress, as evidenced by the growing number of cryptocurrences whose capitalizations exceed one billion dollars. dollars.

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<img class="size-full wp-image-124968" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_84_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" bitcoin price "width =" 1072 "height =" 552 "/>

Source: CoinMarketCap

It was a disappointing day for Bitcoin forks, and both Bitcoin Cash and Bitcoin Gold decreased by at least three percent. Ripple, meanwhile, grew by nearly seven percent, bringing its market capitalization to more than $ 10 billion. The price of litecoin has risen by about one percent and is currently trading at $ 92, but the price of the dash has dropped by a similar margin to a present value of $ 621.

<img class="size-full wp-image-124962" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_799_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" classic ethereum price "width =" 1075 "height =" 510 "/>

Price Ethereum Classic Price | Source: CoinMarketCap

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Despite this mediocre performance up the charts, several mid-capitalization cryptocapsules posted remarkable gains. Classic Ethereum led the way with a 43 percent increase, bringing the ETC price to a new record of $ 34. IOTA and monero each advanced at double digits, bringing their prices to $ 1.04 and $ 185, respectively.

The progression continues out of the top 10, with cardano ascents at 13th and stellar at 16th at 25% and 20% respectively, while the majority of other coins and tokens at this level also show gains. moderate.

<img class="size-full wp-image-124967" src="https://businessdigit.com/wp-content/uploads/2017/11/1511885089_650_a-1-billion-encryption-club-swells-to-16-big-hitters-while-the-price-of-bitcoin-is-estimated-at-10000.png" alt=" bitcoin price "width =" 1074 "height =" 635 "/>

Source: CoinMarketCap

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After today 's move, Stellar has crossed the threshold of 1 billion market capitalization, bringing the total number of "crypto unicorns" to 16, a new absolute record. OmiseGO, zcash and lisk all have market caps of at least $ 925 million, which means that the $ 1 billion club is expected to reach 19 in the near future.

Image from Shutterstock to photo

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