Cryptocurrencies' market cap hits record $200 billion as bitcoin soars

Cryptocurrencies’ market cap hits record $200 billion as bitcoin soars

LONDON (Reuters) – The aggregate value of all cryptocurrencies hit a record high of over $200 billion on Wednesday, according to industry website Coinmarketcap, putting their reported market value at more than that of U.S. banking giant Citigroup ( C.N ). A copy of bitcoin standing on PC motherboard is seen in this illustration picture, October 26, 2017. Picture taken October 26, 2017. REUTERS/Dado Ruvic The new record came as the biggest and best-known cryptocurrency, bitcoin, hit a record high of $7,500 BTC=BTSP on the Luxembourg-based Bitstamp exchange, after a more than tenfold increase in value over the past […]