Cryptocurrency Market for Bitcoin Worth $19.48 Billion in 2016

PUNE, India, May 24, 2016 /PRNewswire/ —

The report titled “Global Cryptocurrency Market (Bitcoin, Ripple, Litecoin, Ethereum)- Insights and Analysis: Technology, Sizing, Growth and Potential – (By Value, By Transaction Volume, Bitcoin ATMs, Company Analysis)” suggests that the cryptocurrencies have a huge potential in disrupting the Financial Technologies space and bring about revolution in the way currencies and payment systems will work out in the coming years. The Global Cryptocurrency Market has been driven by widespread speculation amongst the investor community. The increasing acceptance of the cryptocurrencies and new payment mechanisms by prominent organizations as well as local players has influenced the faith in this new disruptive technology.

Complete report on Cryptocurrency Market spread across 75 pages providing competitive analysis of 5 companies, 8 tables and 21 figures is now available at

The Global Cryptocurrency market has witnessed undulating growth in the period but has seen substantial growth in terms of trade volume. The market is led by Bitcoin, however competing currencies have emerged in the global scenario which have been built upon the blockchain technology first introduced by bitcoin but have been equally innovative.

The market was estimated to be USD 19.481 billion for Bitcoin

Read more ... source: TheBitcoinNews