Litecoin Reaches New High, Up Nearly 3,000% This Year

Litecoin prices, which have been having a great year, recently surged to a fresh, all-time high. The digital currency, a fork of Bitcoin, rose to as much as $132.34 earlier today, according to CoinMarketCap. By reaching this level, Litecoin has risen more than 2,950% from its price of roughly $4.33 at the start of 2017, additional CoinMarketCap data shows. Close Relationship With Bitcoin Litecoin, which has risen to several record price levels this year, has been rallying as Bitcoin has also climbed to fresh, all-time highs. Bitcoin, the largest cryptocurrency by market capitalization (market cap), has surged to more than $17,000 in the last few days, according to CoinDesk Bitcoin Price Index (BPI), a measure that draws data from various exchanges. By this measure, Bitcoin prices have risen more than 1,600% year-to-date (YTD), additional BPI figures show. While Litecoin's YTD rise has been far greater than that of Bitcoin, it is worth noting that the tw…
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Bitcoin now passes $15,000

Bitcoin has advanced $1,000 higher in what is becoming an almost daily occurrence for the virtual currency.

Data from Coinmarketcap shows an average exchange price of $15,200 at press time Thursday, marking an astounding advance of over $6,000 in less than a week. Wide spreads on exchanges due to volatility accompanying wild upticks means many exchanges are trading $500 or more below Coinmarketcap’s rating. As an example, currently the difference in the price of one BTC on Bitfinex and Coinbase is over $1,000 at $14,250 and $15,400 respectively. New all-time highs now come and go in the blink of an eye as Bitcoin adds $1,000 of value every day, beating even more optimistic short-term forecasts from the likes of Max Keiser. Not just USD, but other currencies are also seeing milestones, such as Russia’s ruble today, now trading at 1,000,000:1 versus BTC. New price predictions are now hard to form, with regular commentators instead advising new inv…
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