Bitcoin Just Split Into 2 Separate Currencies... Again

As we look back on the first 10 months of 2017, one thing is very clear to investors: It's belonged to cryptocurrencies. Since the year began, the aggregate value of all cryptocurrencies combined has grown from $17.65 billion to $167.88 billion as of Oct. 25, 2017. Just your run-of-the-mill 851% gain in 10 months! Comparatively, the stock market has taken decades to deliver the same magnitude of returns for investors.

Leading the charge higher has been bitcoin, the most popular digital currency, and unquestionably the largest by market cap. Bitcoin's market cap of $94.3 billion on Oct. 25 makes up 56% of the aggregate market value of nearly 1,200 cryptocurrencies.

Image source: Getty Images.

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Source: Fool.com