Cryptocurrency price analysis — Ethereum executes hard fork to Byzantium

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According to today’s cryptocurrency price analysis, Bitcoin dominance is 53.88%. At the moment of publication, the price of Bitcoin was $ 5627.70.

Current market capitalization of world’s first cryptocurrency is $93,567,333,272. Trading volume of last 24 hours was $1,995,290,000. Current circulating supply is 16,626,212 BTC. For the last 24 hours, the price of Bitcoin dropped by -2.6%. However, the overall price shift in last 7 days was positive 22.41%.Bitcoin cryptocurrency price analysis

Yesterday, the price of Bitcoin broke through to new highs. It set a new record high at $ 5,920.43. Interest in buying has grown, due to the expectation that hard fork SegWit2x will lead to another branch of Bitcoin in November. The markets also accepted the recent regulatory measures in China. It can legitimize Bitcoin as a digital asset since the infrastructure in the country to cut off illegal activities of crypto funds is already working.

Ethereum in 340s – Cryptocurrency Price Analysis

Ethereum is sitting in 340s. At the moment of publication, the price of Ethereum was $343.39. There was the meager change of 0.81% in last 24 hours. However, the price dropped by -1.53% for last hour. Ethereum cryptocurrency price analysis

Current Ethereum market capitalization is $32,666,013,889. The trading volume for last 24 hours was $815,831,000. Circulating supply is 95,128,029 ETH.

Byzantium finally took place

As to latest cryptocurrency news, Ethereum has finally updated. In the Ethereum network, the Byzantium— the first part of a massive upgrade of Metropolis, took place. The two-phase hard fork Metropolis will solve a number of problems. The problems related to the growing popularity of Ethereum blockchain. Earlier, Ethereum co-founder Vitalik Buterin talked about the need to improve the network performance. The hard fork is necessary for the sake of maintaining a more efficient, safe and reliable infrastructure for decentralized applications and developers. The areas that Byzantium affects include optimizing ether usage and increasing network speed. Also, Byzantium will solve some problems with smart contracts. Initially, the Byzantium was planned for October 9th. Later, the date was postponed. According to cryptocurrency price analysis, ether price oscillated wildly in the run-up to the hard fork, before rising over 2 percent following activation to $348.

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