In fast and furious trading today Bitcoin topped the $2500 price point and Ether topped the $210 mark.
Both would be all time highs for the coins.
Bitcoin currently is enjoying a $40 billion dollar market cap and Ether currently is around the $18 billion mark.
They represent the 1st and 2nd largest market caps (respectively) in the space.
The latest surge seems to be fueled by general euphoria in the space after CoinDesk's Consensus 2017 concluded yesterday.
In particular, Fidelity's CEO voiced her enthusiasm for Bitcoin and Ethereum fairly emphatically. Her statement, along with an announcement that Enterprise Ethereum Alliance had tripled in size, seemed to be major catalysts for the two coins.
Enterprise Ethereum Alliance (EEA) is a consortium of investors. You can see a list of the investors here:
https://entethalliance.org/members/
It's a sort of "who's who" of investors and major corporations in the financial markets, including the likes of JPMorgan, Microsoft, and Intel. I was a bit surprised to see all of the heavy hitters involved in the consortium, personally.
It appears they have definitely caught the attention of the mainstream financial markets.
EEA's involvement has been one of the major catalysts for Ether's astounding returns over the past several months.
While Bitcoin has more than doubled in the last year, Ether has risen over 2,300% in the last 5 months alone.
The news yesterday specifically, was that EEA had added 86 additional members, including Samsung, Toyota, and Merck
Adding even more fire power to the already impressive list.
I guess those are the kinds of returns one would expect to see when the mainstream major financial players and corporations start to take an interest in the space.
Looking forward to the days when Steem sees similar adoption and similar price gains.
Stay positive my friends!
Sources:
http://www.coindesk.com/bitcoin-ether-set-new-time-highs-amid-market-boom/
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
Image Sources:
http://www.cnbc.com/2017/05/24/ethereum-price-bitcoin-rally.html
http://bytefunding.com/bitcoin-may-have-more-than-doubled-this-year-but-rival-ethereum-is-up-2000-heres-why/
Follow me: @jrcornel