What makes the crypto market’s rise to $500 billion different from 2017?BTC $18,581 (-2.2%) • ETH $559 (-7.2%) • XRP $0.61 (-10.3%)
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The last time the total market capitalization of cryptocurrencies surpassed $500 billion, in December 2017, the industry had no idea a world-shattering crash was waiting just around the corner. And now, with Bitcoin nearing the coveted $20,000 point, the industry holds its breath once again as it prepares to leap into the unknown. But, this time around, things might be different. Ad 📈 Earn 8% APY on Bitcoin & 9 more crypto assets and 12% on Fiat & Stablecoins. Compounding interest, paid out daily. Trending … 🚜 DeFi Tokens • 🔮 Oracle Tokens • 📈 Biggest Gainers • 💵 Stablecoins More news ⏬Ethereum wicks under $500 on top futures exchange as market (finally) sagsThe crypto market has developed massively since 2017 and 2018, with the introduction of complex derivatives products, regulation, and liquidity through prominent market makers like Jump Trading and Alameda. Avalanche’s (AVAX) bridge to Ethereum enters ‘final phase’ of testingAvalanche, the highly-scalable, open-source platform for launching decentralized finance (DeFi) applications, has begun the final phase of testing of a bridge to connect its ecosystem to Ethereum, it said in a release shared with CryptoSlate. This upcoming 45 billion token airdrop is one of the reasons why retail is pumping XRPXRP has surged over 133% in the past week, and over 150% in the past month alone. Bitcoin has been massively outperforming gold in November—but why?The price of Bitcoin has been hugely outperforming gold throughout November. Major announcements on Cardano set to take place by the end of the yearWith a week left before the official November product update, Charles Hoskinson, the CEO of IOHK, took to YouTube to share a brief glimpse of what’s been accomplished at Cardano this month. Control your wealthAd: A trusted and accessible wealth management ecosystem powered by blockchain technology, SwissBorg puts your wealth back in your hands. 🗞 Got a story tip? Email tips@cryptoslate.com Crypto market dataFor more pertinent market data, please see: Connect with usDisclaimer: None of the content in this newsletter is meant to be financial advice. Please do your own due diligence before taking any action related to the content within this article.
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