Cryptocurrency Market Just Reached Total Value of $160 Billion

For the first time, the value of the global cryptocurrency market has exceeded $ 160 billion. It’s been on a huge uptick throughout 2017, starting out at $ 10 billion at the beginning of the year and hitting $ 100 billion in June.

Bitcoin obviously has a big role to play in this success — it’s still the biggest name in cryptocurrency, and experts predict that it could hit a value of $ 20,000 in the next three years. Credit also has to be given to its recent fork Bitcoin Cash which is establishing itself rapidly, and the increasingly-popular Ethereum.

This is a very interesting time for the cryptocurrency market. As countries like Estonia consider offering their own tokens, and the US Congress drafts a bill that could foster its mainstream usage, a huge amount of money is being invested in virtual cash.

Cryptocurrency seems set to be adopted by the masses at a scale we haven’t seen before. This could bring about some big changes to the global economic market — and it could even spell the beginning of the end for fiat money as we know it.

 

Disclosure: Several members of the Futurism team, including the editors of this piece, are personal investors in a number of cryptocurrency markets. Their personal investment perspectives have no impact on editorial content.

The post Cryptocurrency Market Just Reached Total Value of $ 160 Billion appeared first on Futurism.

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Apple Shares Exceed $160 Breaking Previous All-Time High

Apple shares have hit another all-time high for intraday trading on Tuesday afternoon by surpassing the $ 160 mark for the first time ever. Shares of the company also seemed poised to break a previous record close.

Shares of the Cupertino-based company traded between $ 161 and $ 162 Tuesday, representing an increase of about 1.4 percent or around $ 2, which makes shares of the company the highest percentage gainer in the Dow Jones Industrial Average, MarketWatch reported. Previously, the intraday trading record of $ 159.75 was reached on Aug. 1, after the company reported better-than-expected earnings for the third quarter. Additionally, Apple shares seem primed to surpass the previous record close of $ 157.14, which was also set just one week ago.

The rise in stock price gives the company a rough market valuation of around $ 835 billion. Apple seems to be inching ever-closer on the path to becoming the world’s first trillion dollar U.S. company. It’s now worth $ 177 billion more than second-place contender Alphabet (currently worth about $ 656.72 billion) and about $ 272 billion more than Microsoft, which is currently in third-place at $ 572.34 billion. Notably, Apple only needs another gain of $ 32.65 (or around 20.25 percent) to break the trillion dollar mark.

Apple exceeded Wall Street expectations during its earnings call on Aug. 1, posting earnings of about $ 45.4 billion — mostly driven by strong sales of iPhone, iPad and Mac devices. The company also reported record-breaking earnings in its Services business, which includes properties like iTunes, iCloud, Apple Music, the App Store and Apple Pay. Altogether, Apple’s Services business is currently more valuable than Facebook.

The Cupertino-based company sold about 41 million iPhones, beating Wall Street estimates and shipping about 600,000 more devices than the same quarter last year. As Apple continues to grow, all eyes will likely be on this year’s highly anticipated iPhone 8 — a premium device that’s predicted to spur an “upgrade super cycle” for Cupertino and possibly catapult the company past its $ 1 trillion milestone within a year.

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New rumor says Motorola Moto E4 Plus will cost £160

The Motorola Moto E4 Plus has been the subject of a handful of leaks and rumors until now, with the latest one revealing the handset’s design through press renders. Now, a new rumor, related to pricing information for the handset, has surfaced. The rumor, which comes in the form of tweet from a relatively unknown tipster, says the Moto E4 Plus (unlocked) will cost £160 (around $ 205). #EXCLUSIVE #motoE4 PLUS. £159.95. Sim Free. #motorola #motoE4plus pic.twitter.com/xQI0KnQKXG— Andri Yatim (@HeyAndri) June 2, 2017 Previous rumors had suggested a price tag of €190 for the device,…

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