Ethereum Soars Above $600 - Bigger Than GM, As Crypto-Mania Spreads

After two warnings to investors (but no bans) from the SEC on ICOs, alt-coins like Ethereum and Litecoin have exploded higher in the last 24-48 hours, pushing the former over $60 billion market cap - bigger than GM and Aetna.

 

Interest in cryptocurrencies has been surging since futures launched (but volume in Bitcoin futures tumbled today relative to yesterday)...

 

Spot Bitcoin prices are holding near record highs...

 

But it seems investors in the crypto space are diversifying across the entire alt-coin space...

 

 

 

And as Cryptocurrencies soar, gold is getting hammered... Gold up 7.5% YTD, Bitcoin +1675% YTD

 

Disclosure: Copyright ©2009-2017 ZeroHedge.com/ABC Media, LTD; All Rights Reserved. Zero Hedge is intended for Mature Audiences. Familiarize yourself with our legal and use policies every ...

more
How did you like this article? Let us know so we can better customize your reading experience.

Comments

Leave a comment to automatically be entered into our contest to win a free Echo Show.