{"id":339563,"date":"2017-04-28T19:36:26","date_gmt":"2017-04-28T11:36:26","guid":{"rendered":"http:\/\/tctechcrunch2011.wordpress.com\/?p=1482933"},"modified":"2017-04-28T19:36:26","modified_gmt":"2017-04-28T11:36:26","slug":"bitcoin-and-ether-prices-hit-all-time-high","status":"publish","type":"post","link":"https:\/\/people.utm.my\/asmawisham\/bitcoin-and-ether-prices-hit-all-time-high\/","title":{"rendered":"Bitcoin and Ether prices hit all-time high"},"content":{"rendered":"

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Something is going on in the cryptocurrency world, but it\u2019s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high.<\/p>\n

According to Coindesk\u2019s price index<\/a>, you could buy one bitcoin for $1,343 earlier today. It roughly represents a 6 percent increase in 7 days, and a 34 percent increase in a month.<\/p>\n

And when it comes to the price of an ether, things are even more impressive. One ether is currently<\/a> worth $64.04, up around 24 percent in just a week.<\/p>\n

Ether prices are a bit correlated to bitcoin prices as many people trade bitcoins against Ethers. But it doesn\u2019t explain why it was such a good week for Ether\u2019s price.<\/p>\n

Bitcoin still faces a scalability issues. It seems like bitcoin stakeholders can\u2019t agree<\/a> on a solution to make some improvements on the core bitcoin protocol to speed up transactions and lower transaction fees. As a result, it has never been so expensive and slow to send and receive bitcoins.<\/p>\n

But there\u2019s one thing I noticed. Prices tend to go up when there\u2019s bad news around the world. If Donald Trump tweets about North Korea, chances are it will have positive effect on cryptocurrencies.<\/p>\n

Conversely, I noticed a micro-crash minutes after the results of the first round of the French election \u2014 prices went up again minutes later. Marine Le Pen arrived second, which was a good sign for traditional currencies like USD and EUR.<\/p>\n

It\u2019s still hard to predict those market changes as many depend on macro-economic rules in China. But as many worry about the current political outlook, cryptocurrencies could counterintuitively look like a safe investment.<\/p>\n

\"\"<\/p>\n","protected":false},"excerpt":{"rendered":"

\"\" Something is going on in the cryptocurrency world, but it’s hard to figure out why prices are jumping. Both bitcoin and Ether prices are currently trading at an all-time high. According to Coindesk’s price index, you could buy one bitcoin for $1,343 earlier today. It roughly represents a 6 percent increase in 7 days, and a 34 percent increase in a month. And when it comes to the… Read More<\/a><\/p>\n

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