- Bitcoin has passed $9,600 and appears to be headed for $10,000.
- The market for digital currencies cracked $300 billion for the first time Sunday night.
- Ethereum, the second-largest cryptocurrency, is also flirting with a big milestone.
The market for digital coins cracked $300 billion Sunday night for the first time as two of the largest cryptocurrencies approached significant milestones.
According to data from CoinMarketCap, the market capitalization of the crypto market stood at $303 billion by 12:30 a.m. ET on Monday. Also on Sunday, the two largest digital currencies were flirting with big milestones of their own.
Bitcoin, the largest cryptocurrency – with a market cap above $150 billion – was gunning for $10,000 a coin on Sunday. It reached an all-time high of $9,694 on Sunday evening, according to data from Markets Insider.
Ethereum reached an all-time high of $485 on Sunday evening, shy of the much-anticipated $500 mark.
As for the bitcoin spinouts, bitcoin cash was trading just below $1,650 at 12:30 a.m. ET. And bitcoin gold was trading up by more than 2.5% near $380 a coin, according to CoinMarketCap.
Big milestones for the cryptocurrency market appear to be occurring at a faster rate. It took from June to November for the market to go to $200 billion from $100 billion but then took less than a month for the market to balloon to $300 billion. Read more about blockchain, the technology powering bitcoin, here.