$600 Billion: Cryptocurrencies Now Worth More Than Amazon
The introduction of bitcoin futures contracts on regulated U.S. exchanges CBOE and CME has, as expected, facilitated a comprehensive market rally, even as the futures products have been thinly-traded relative to the global cryptocurrency ecosystem.
Last week, the cryptocurrency market cap rose to $440 billion after CBOE launched the first regulated bitcoin futures. That represented a seven-day gain of $100 billion — an astonishing feat — but the rapidity of this week’s rally has been even more meteoric.
Since last Monday, the cryptocurrency market cap has soared by $160 billion, or 36 percent, to reach a new all-time high just above $600 billion.
Although bitcoin led the rally for much of the week, it was altcoins that carried the cryptocurrency market cap across the historic threshold. As of Monday morning, there were 29 cryptocurrencies with individual market caps exceeding $1 billion; on January 1, there was one.
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• Harnessing Energy From Bitcoin Mining to Sequence Genetic Data
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|NAME||STARTING DATE||ICO CAP||CURRENCY||AMOUNT RAISED||% OF CAP|
|ICOs STARTED YESTERDAY (18/12/17)|
|ICOs STARTING TODAY (19/12/17)|
|ICOs STARTING TOMORROW (20/12/17)|
|Blockchain E-mail (Presale)||20/12/17||7,058||ETH||–||–|
Recently Closed ICOs
|NAME||STARTING DATE||CLOSING DATE||ICO CAP||CURRENCY||AMOUNT RAISED||% OF CAP|
Tokens Listed on Exchange
|Name||Ticker Symbol||Exchange||Listing Date||ICO Closing Date||Start Trading Price||ICO Price||Change since ICO||Currency|
|Genaro Support Program||(GNX)||OKEx||18/12/17||17/12/17||0,000623||0,0003||+86.87%||ETH|
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