By coinfeedsAugust 07, 2017

The total value of all publicly traded cryptocurrencies set a new all-time high today.
At press time, data from CoinMarketCap
indicates the crypto asset class is now worth just over $116.9 billion, just above of its previous all-time high of $116.2 billion set on June 12.
Overall, the value of the asset class is up nearly 30% over the last week, rising from just under $90 billion on July 31, and up nearly 80% since its recent $60 billion low on July 16.
The price increases come at a time when optimism is beginning to return to markets following a bitcoin hard fork in which a new cryptocurrency was created without disrupting the larger bitcoin network. Over this time, bitcoin has enjoyed broad media coverage, though it remains difficult to determine if new buyers are being attracted to the space.
Data from Google Trends suggests searches for "bitcoin price" and "BTCUSD" remain down from highs observed in May.
Still, much of the day's gains seem consolidated outside of bitcoin's two largest markets, bitcoin and ether. Of the top 10 cryptocurrencies, just four were posting double-digit gains, including Bitcoin Cash, NEM, IOTA and NEO (formerly Antshares).
Posted on August 07, 2017By coinfeeds
Disclaimer:
The content provided on this website, including news, blogs, and updates, is sourced from various third-party websites and platforms. While we strive to ensure the accuracy and reliability of the information, we do not claim ownership of the material or any intellectual property rights associated with it, unless otherwise stated. All trademarks, service marks, and other content featured on this site are the property of their respective owners.
We encourage readers to verify the information from original sources before making any financial or investment decisions. The information on this website is for general informational purposes only and does not constitute financial or investment advice.
We make no warranties or representations regarding the completeness or accuracy of the content and are not liable for any damages or losses resulting from the use of the information provided on this site.
If you are the owner of any content and believe it has been used improperly, please contact us at [email protected], and we will take appropriate action.