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Ethereum Soars Above $600 – Bigger Than GM, As Crypto-Mania Spreads

Courtesy of ZeroHedge. View original post here.

After two warnings to investors (but no bans) from the SEC on ICOs, alt-coins like Ethereum and Litecoin have exploded higher in the last 24-48 hours, pushing the former over $60 billion market cap – bigger than GM and Aetna.

Interest in cryptocurrencies has been surging since futures launched (but volume in Bitcoin futures tumbled today relative to yesterday)…

Spot Bitcoin prices are holding near record highs…

But it seems investors in the crypto space are diversifying across the entire alt-coin space…

And as Cryptocurrencies soar, gold is getting hammered… Gold up 7.5% YTD, Bitcoin +1675% YTD


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