Monday, 23 July 2018

Bitcoin is still far down from its all-time high of about $19,000 but during the last day or so its value had risen as high as $8,450 a 5 percent increase within a day. The cryptocurrency market value also crossed the $334 billion market.

Tom Lee is one of the most visible analysts following Bitcoin and digital currencies. As Co-founder and Head of Research at Fundstrat Global Advisors, he has compiled an extensive amount of data on them.

It what might be a good sign for beleaguered Bitcoin, which has suffered a series of jolts in 2018, the average price of transactions on the Bitcoin blockchain fell to just over a dollar – or 0.014 of a Bitcoin. The confirmations, moreover, are now taking less than 10 minutes.

Creamcoin Marketcap