After the US Securities and Exchange Commission (SEC) rejected the Winklevoss twins’ Bitcoin ETF application late on Friday, cryptocurrencies reacted paradoxically with an impressive show of strength.Despite initial jitters sending it sharply down immediately after the SEC announcement, the price of bitcoin has completely rebounded from the negative news by now, with the price back above $1200.However, the real winners from the move were top alternative cryptocurrencies that greatly benefited from the unleashing of suppressed demand.The smart contracts and decentralized apps blockchain, Ethereum, is now traded for around $27.This is an impressive price record for ETH, which completed a rise of about 40% in just one week.In total, the market capitalization of all Ethereum tokens in circulation is worth $2.44 billion.Privacy-focused cryptocurrency Dash also saw an amazing rise with its price now reaching above $75 – a jump of 66% in a week.The total market cap of the Dash blockchain is now above half a billion dollars ($540 million).

Ethereum and Dash, the number two and number three biggest cryptocurrencies respectively, got a positive publicity boost from the bitcoin ETF drama, as mainstream financial publications covered how new traders who find the number one coin too expensive to enter the market with turned to them for crypto exposure.Another altcoin whose holders can be quite happy today is Monero.The XMR/USD exchange rate now stands above $17 after rising almost 13% in the last twenty four hours and is back again among the top four blockchain assets by total value, with a $245 million market cap.The price of Ethereum went absolutely bananas over the weekend.What is the cause of this incredible rise?Is Ethereum in a bubble?Is this just the beginning?What should investors look for next as Ethereum continues to push to record highs?Sam Volkering takes a look and explains exactly what’s going on with the price of Ethereum Bitcoin Boom: How You Could Turn Every $500 You Lay Down into a $10,000 Cryptocurrency Fortune…find out here BioLatest Posts Sam is Editor for Money Morning and it's small-cap and technology analyst.

He spends his time hunting down the most exciting stocks on the planets, whether they’re potential-packed volatile small-caps or tech firms transforming our future through cutting-edge technologies.You can find more of Sam’s work over at Australian Small-Cap Investigator, where he shares the best small-cap stocks he finds on the ASX, or at Revolutionary Tech Investor where he reveals the latest breakthrough tech investment he’s discovered.ethereum coin earnIf you’d like to more about Sam’s financial world view and investing philosophy then join him on Google+.bitcoin citadelIt's where he shares investment insight, commentary and ideas that he can't always fit into his regular Money Morning essays.bitcoin forum kursHow Did Australia Become a ‘Laughing Stock’?bitcoin vps review

What LinkedIn Taught Us About How Deals Work How to make short term gain from ICOs Why did the Price of Bitcoin Plummet?Were You a Cryptocurrency Believer in 2014?ENS Record: exchange.eth (self.ethereum)submitted by exchange.eth is in the reveal phase, the current high bid is 6660 ether, the second highest bid is for 1103 ether.ethereum miner rigDepending on the price of ether and barring any other higher bids we could be looking at someone locking up close to $100,000.00 for exchange.eth, The high bidder at current market pricing of ether was willing to lock up approximately $575,000.00.bitcoin mlm scamsThat is based on 6660 ether.bbc click bitcoinπ Rendered by PID 14145 on app-510 at 2017-06-24 12:20:08.630282+00:00 running 3522178 country code: SG.bitcoin time capsule

Two leading virtual currencies achieved fresh record highs on Monday, stimulated by the increasing interest from investors around the world.The price of bitcoin reached a new record high today, being driven by the growing demand from traders looking to invest into alternative assets.bitcoin jersey fundEarlier today, the cyptocurrency for the first time hit $2303.90 level, while the total market cap increased to $37 billion.On Friday, bitcoin price broke through $1,900 barrier, before surpassing $2000 mark on Saturday.The cryptocurrency is now valued at $2266.38, rising by 9.64% over the last 24 hours, according to CoinMarketCap.Simultaneously, the value of Ethereum is showing significant gains as well, hitting $200 mark today’s morning.The digital currency is currently trading at $190.02, according to CoinMarketCap.This is a major growth in value, as only a week ago Ethereum was worth about $100 per coin.The total market cap of digital currencies demonstrated a significant growth over the last few weeks, now accounting for more than $79 billion.

If compared, the combined value of all cryptocurrencies amounted to $20 billion in the beginning of the year.Currently, the total market cap, excluding bitcoin, totals $42 billion.Amid the overall growth of digital currencies, bitcoin’s share of the cryptocurrency market is reducing.For the first time in its history, bitcoin’s share of all blockchain assets dropped below 50%.As of January 1, bitcoin comprised 87% of the total market cap and is now accounting for 45-46%.Meantime, ethereum’s share reached almost 20% of the total market cap, with ripple and litecoin accounting for 17.38% and 1.78%, respectively.Today, the cryptocurrency community is celebrating a Bitcoin Pizza Day, which marks the day when the first real-world bitcoin transaction occurred.A developer Laszlo Hanyecz bought two pizzas for 10,000 bitcoin, what was equal to $30 at the time.But taking into account the current prices, the pizzas would worth more than $21 million right now.There are various factors that have contributed to the growth of the cryptocurrency.

A huge bitcoin demand now comes from Japan, which handles about 40% of all bitcoin trading volume.The government in Japan has recently passed legislation to enable merchants accept bitcoin as a legal currency.Meantime, political instability urges investors to acquire bitcoin and other digital currencies as safe haven assets.Political scandals in the US and Brazil caused investors to seek alternative assets, as US and Brazilian stock prices dropped.Also, the ongoing debates on the future of bitcoin’s underlying technology raised interest in the cryptocurrency.There is a fear that bitcoin will be divided into two currencies after implementing hard fork solution.However, it seems that the bitcoin network is not yet ready for wider adoption.Last week, over 214,000 bitcoin transactions were stuck unconfirmed, with users having to pay higher fees per transaction.A few days ago, the decentralized management platform for companies, Aragon, completed 4th highest funded crowdsale ever, raising $25 million in the first 15 minutes of its ICO.