Business / #ForbesBusiness

July 23, 2018,   5:21 PM

Bitcoin Soars To The Top Of The Cryptocurrency Race

Farah Al-Toukhi


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According to calculations made by Bloomberg, Bitcoin has surpassed $7,500 as of Monday, making it the highest valued cryptocurrency in the current market.

Bitcoin surpassed competitors such as Ripple, Ethereum, and Litecoin, which have also seen an increase but have yet to catch up.

This increase comes after a tumultuous couple of months for cryptocurrencies, Bitcoin in particular. The cryptocurrency has been in the light of negative news regarding an increase in hackings and tougher regulations surrounding its market, which calls into question the blockchain technology that drives it.

According to the entire market value of more than 1,600 cryptos is estimated at $287 billion.

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