Price Watch: Bitcoin and Ethereum Remain Steady

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Bitcoin, currently ranked #1 by market cap, is up 2.51% over the past 24 hours.

Bitcoin is up 2.51% over the past 24 hours.

According to Yassine Elmandjra, a cryptocurrency analyst at ARK Invest, Bitcoin processed $1.3 trillion in total transaction value this year-only "An order of magnitude away from Visa.".

3-4 B worth of bitcoin has been transacted daily in the last year.

Since 2015, it's evident that Bitcoin has seen an almost relentless rate of growth, showing an 8x increase in total transaction value during 2017.

If Bitcoin's rate of growth persists, the world's leading currency is predicted to exceed Visa's total transaction value by 2022.Bitcoin Hash Rate Continues to Increase, Reaches 61.8 EH/s.

On Aug. 28, Bitcoin's hash rate increased 35 percent from the two days preceding a peak of 61.8 EH/s.

Representative of network usage, Bitcoin's hash rate can be described as the number of hash functions, or computations, that are completed within a certain time period.

Bitcoin's upward trending hash rate is seemingly indicative of the network's increasing adoption.

One of the largest bitcoin pools, BTC.com is extending its portfolio for the first time with the addition of options for Ethereum mining.

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