The bitcoin price rise comes as bitcoin daily trading volume tops $11 billion, the most seen in a 24-hour period since last April, when the bitcoin price was trading at over $8,000. Meanwhile, the price of ethereum, Ripple's XRP, litecoin, and bitcoin rival bitcoin cash all rallied along with bitcoin, each gaining between 5% and 18%, and adding some $6 billion to the total value of the world's cryptocurrencies. Bitcoin trade volume had for a long time closely aligned with the price until a bitcoin cash civil war-inspired market rout in November, which saw bitcoin trade volumes hold despite the crypto market rout. The bitcoin price, which began February at a little over $3,400 per bitcoin, added some 11% over the month, breaking its six-month losing streak. However, one renowned economic historian this week said he was "very wrong" about digital currencies like bitcoin and that current bitcoin and cryptocurrency prices remain "very far" from zero.

Source: Forbes March 16, 2019 08:18 UTC