Bitcoin Today: Prices Narrowly Higher as Ripple’s Huge Gains Take the Spotlight

Bitcoin started the week strong, gaining as much as 3.1% on Monday, March 5, to sustain what has so far been a five-day trek into the green. For every day in March, bitcoin has moved higher, according to data from Coinmarketcap. The No. 1 cryptocurrency by market cap surpassed the $11,000 mark on Friday, March 2, and has remained well ahead of the benchmark since then.

On Monday, bitcoin was joined by most of the top cryptocurrencies in its gains….

Transactions Speeds: How Do Cryptocurrencies Stack Up To Visa or PayPal?

Cryptocurrency bag holders often boast that their network transaction speeds are faster than mainstream payment methods, such as Visa or Paypal. As cryptocurrencies continue to rise in popularity, it will be important to determine which blockchain payment networks could eventually become the “new Visa.” While both sides continue to debate their arguments, we jumped through the hard data and created a unique visual to highlight transaction speeds across several different payment networks.

No, Ripple isn’t the next Bitcoin

Not all cryptocurrencies are created equal. Don’t tell that to investors in XRP, though. In the last month the currency owned by Ripple, a company that bills itself as using blockchain technology to build the payment system of the future, soared in price by a whopping 700 percent. XRP’s overall value pushed up to nearly $150 billion and briefly made Chris Larsen, Ripple’s cofounder, one of the richest people on the planet.

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The exuberance was fueled, at least in part, by a belief that anyone buying up XRP was getting in on the next Bitcoin. But for some it could end up as a very expensive lesson that what they bought into is a different animal altogether.