This article was posted on Tuesday, 04:13, UTC.Just a few hours after our previous alert, Bitcoin hit new all-time highs on several exchanges, rising to $2800 in Asian trading, just two weeks after a painful 30% decline that carried BTC’s price below $2000.The most valuable cryptocurrency is up more than three-fold since hitting $900 in March.// -- Discuss and ask questions in our community on Workplace.Don't have an account?Send Jonas Borchgrevink an email -- // Daily Chart of Bitcoin (Coinbase) Some analysts call it a bubble of epic proportions, some say that it’s just the beginning of a revolution and BTC is headed towards $4000 until the end of the year or even $1 million in 5-10 years.What’s sure, is that volatility will increase once again in the cryptocurrency, and that will likely affect altcoins as well.Litecoin and Monero have been showing strength among the alternative coins during the rally today, while the main rival of BTC, Ethereum traded near it’s all time high.

Asian demand and adoption drove the recent leg of the rally, and while another steep correction is possible, there could be several waves of new investors and traders flooding the segment.The aggregate value of the cryptocurrency market just hit $100 billion, a far cry from being a meaningful number in today’s world, where central bank’s hold trillions of assets in the quest of keeping the global economy afloat, while only a small percentage of the investor community dared to touch Bitcoin et.The blockchain technology behind Bitcoin is likely here to stay, but it’s hard to tell right now, which cryptocurrencies will emerge as the winners of the segment, Bitcoin is currently holding slightly less than 50% of the total value of the coins, while Ethereum accounts for half of that.For now, traders should keep their seatbelts fastened, as fireworks are almost assured in the coming days!What’s important, is that traders should keep their seatbelts fastened, as fireworks are almost assured in the coming days!

Important: Never invest money you can't afford to lose.Always do your own research and due diligence before placing a trade.Read our Terms & Conditions here.bitcoin web wallet open sourceEthereum prices surged on Monday to record levels, after bitcoin also hit all-time highs, as appetite for digital assets continues to grow.bitcoin co tojestThe cryptocurrency was trading at around $407.10 in early Monday morning trading, according to data from industry website Coinmarketcap.php bitcoin frameworkThis is a record level which marks a more than 5,001 percent rise in price since Jan.bitcoin value widget1, when ethereum was trading at $7.98.britain bitcoin tax

It comes after bitcoin traded above $3,000 for the first time on Sunday, continuing its huge rally for the year."The strong interest in bitcoin does boost investors' appetite for alternative cryptocurrencies where superior gains are also being seen," Pavel Matveev, co-founder of Wirex, a personal finance app that provides a cryptocurrency wallet and debit card, told CNBC by email.litecoin community"There is some correlation between cryptocurrencies in this sense but there is also fundamental demand for Ethereum in its own right.ethereum block miningEthereum and bitcoin aren't directly competing as they serve different needs."bitcoin price prediction 2013Ether is the name of the cryptocurrency which runs on the ethereum blockchain, which is the technology that underpins the digital coin.bitcoin au québec

But ethereum is often used as shorthand for the digital currency as well.Ethereum has been designed to support so-called smart contract applications.A smart contract is a computer program that can automatically execute the terms of a contract when certain conditions are met.This use has excited many investors.Ether is the second-largest cryptocurrency by market capitalization, worth around $36 billion, according to Coinmarketcap, below bitcoin's $48.91 billion valuation.Why has it rallied?A number of developments in the ethereum community have supported the price rise.These include: The formation of a group called the Enterprise Ethereum Alliance (EEA) aimed at linking large enterprises to technology vendors to work on blockchain projects.Companies such as Microsoft and JPMorgan are involved.A surge in so-called initial coin offerings (ICO) which are a new way for cryptocurrency start-ups to raise money.Vitalik Buterin, founder of Ethereum, recently met with Russian President Vladimir Putin, signaling that the country might be looking to use the blockchain, giving it further legitimacy.

Singapore's government released a report detailing a test it had carried out to digitalize a national currency using ethereum blockchain technology."Ethereum's market message at the moment is that of the underdog to bitcoin with more potential.The complexity of the developing ethereum ecosystem is galvanizing adherents as well as displaying the functionality that it has to offer," Charlie Hayter, CEO of industry website Cryptocompare, told CNBC by email.Where does the price go next?Nicola Duke, a technical analyst at analysis platform Forex Analytix, said that ethereum has pushed through $377, which is a key "resistance level."This is a price that is reached but not exceeded by traders.But now that it is through this level, the next leg up in ethereum could see it reach $476 soon.Duke is a technical analyst using historical price activity to forecast future price movement.Meanwhile, Wirex's Matveev said that $600 by the end of the year is within reach, which would mark a 47 percent increase from Monday's high.