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Ethereum Price: Cryptocurrency Has Nearly Doubled In Value In 2018

13 January 2018

Ethereum also stood taller this week despite several negative reports that were looming over the other cryptocurrencies, thanks to trader's strong confidence in Ethereum's real world use. "I am long on Bitcoin".

The conference is on January 18th and 19th, so if you were hoping to bag a last-minute ticket worth $1,000 (£740) using some cryptocurrency you have got lying around, you will have to spend your 0.075 bitcoin elsewhere.

The support member concluded the conversation with, "Rest assured that we will send an email to you once we receive an update on this matter". In return, they are rewarded bitcoin.

The clarification helped the market stabilise and the Bitcoin price finished the session at $13,405.80. As Bill Gates is reportedly a massive supporter of a decentralized digital currency, we can assume that the issue was entirely technical. One of the most notable skeptics is billionaire Warren Buffett, who opined that he "can say nearly with certainty" that cryptocurrencies will "come to a bad ending". Overstock.com ( OSTK ) was ahead of the curve, announcing in August that it would begin accepting all major cryptocurrencies.

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Relatively slow transaction times and high processing fees for bitcoin payments have led to many merchants rethinking their decisions to accept cryptocurrencies.

Here's a look at the 10 largest cryptocurrencies by market capitalization and how much each has changed over the past 24 hours, as well as over the past week. Like Steam, the software giant used BitPay as its payment processor, presumably because the service allowed Microsoft to directly convert the cryptocurrency received for purchases into an equivalent fiat amount.

Still, the optics aren't good on this, and show the limitations bitcoin and other cryptocurrencies face to become more mainstream.

The answer depends on how one views the Bitcoin price rollercoaster. The fees have skyrocketed from what was a few cents per transaction a few years back.

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Ethereum's digital currency, known as Ether (ETH), has soared in value over the past 12 months, appreciating by almost 12,500 percent.

As bitcoin has taken off over the past few months, many high-profile skeptics are beginning to voice their concerns about a bubble.

New York Fed President William Dudley called bitcoin "not a stable source of value", and JPMorgan Chase (JPM) CEO Jamie Dimon has been one of the most vocal critics of bitcoin, though he recently walked back his comments about it being "a fraud".

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Ethereum Price: Cryptocurrency Has Nearly Doubled In Value In 2018