As we approach the first week of September, crypto-asset prices are beginning to rise and some new currencies are gaining traction, especially Bitcoin.
The price of Bitcoin surged to $9,923.86 on Thursday, the day after the US Federal Reserve announced it was hiking interest rates, from 3.75 percent to 6.75.
The Bitcoin price has been steadily increasing since then, hitting a peak of $10,924.95 on January 1.
On the day of the Federal Reserve’s decision, Bitcoin was trading around $917.35, with a value of $7,000.
The value of Ethereum, a cryptocurrency, hit a new high of $2,869.79 on Friday.
Ethereum, which was first launched in 2014, has gained in popularity recently, with some of its early users using it to buy things online.
Ethereum is the second-largest cryptocurrency by market cap, behind Bitcoin.
Ether is also a cryptocurrency with a market cap of $1.9 billion.
Ripple, a decentralized peer-to-peer payment network, is also gaining momentum.
Ripple is a digital asset, meaning that it has no intrinsic value.
Instead, Ripple is created by combining various digital currencies to create a single, globally-acceptable asset.
Ripples value fluctuates depending on the value of a particular currency, which makes it highly volatile.
As such, Ripple’s value is dependent on the supply and demand for its currency.
Rippled coins have a price to supply ratio, which means that a coin with a higher value is more desirable than a coin whose supply is low.
Ripple’s price is based on the demand for Ripple tokens, which are tokens that are created by Ripple to allow the use of Ripple’s digital assets.
A cryptocurrency has a limited supply of money.
The more tokens a cryptocurrency has, the greater the value the cryptocurrency has.
Ripple, a digital currency, is a decentralized global payments network.
Ripple has a market capitalization of more than $70 billion.
This year’s rise in crypto-market cap is indicative of the increasing demand for cryptoassets.
This is because people are starting to take the opportunity to invest in cryptocurrencies because they have more money to spend.
This article originally appeared on CryptoCoinsNews.com