by David H. Karp, Founder & CEO of Fortnite, December 14, 2019.
Read More and many others in the world.
According to the latest data from Coinmarketcap.com, the cryptocurrency market cap was US$9,085,068,622,945 in the first half of 2019.
That was down from US$10,838,732,965,638,631 in the same period last year.
Fortnites latest earnings report showed that in the quarter ended 31 December 2019, the company generated US$13.3 million in revenue, a decrease of 17.9% from the same quarter last year, while operating income was up to US$2.8 million from US $2.1 million.
Fortune estimated that bitcoin was trading around US$800 at the time of publication, which is down from a peak of US$3,250 at the end of June.
Fortress also reported that its virtual currency platform has over 1,200 merchants selling virtual currency in over 150 countries, which are now offering their goods and services on the platform.
FortyFive Percent of Virtual Currency Markets is the most comprehensive study of virtual currencies in existence, covering the period of November 1, 2018 through December 31, 2019, when the virtual currency market cap reached US$20,531,722,065,739.
Fortus sales growth of the year is also driven by the rise in the price of bitcoin.
In addition, the market cap for bitcoin has been decreasing for a few months.
In the first six months of 2019, it was trading at US$14,873,849,066,941.
This figure was down by over US$4,000 from the previous quarter.
As of December 31st, the Bitcoin price stood at US $11,632,741.
According the latest report from the U.S. Commodity Futures Trading Commission (CFTC), the average daily price of bitcoins increased by US$0.28, or 2.6%, in the 12-month period ending December 31.
It also increased by 6.4% from December 27th, 2018.
In its report, the CFTC noted that bitcoin’s average trading volume has been increasing in recent months, with the average bitcoin trade volume increasing by an average of US $1.08 million per day.
This is an increase of an average daily trading volume of $1,819,500.
In a statement, a spokesperson for Fortnites chief executive officer, Jeff Garzik, said: “The cryptocurrency market is expected to continue to grow in the coming years.
We are confident that virtual currencies are the future of money.
We have already demonstrated the potential of this new technology.
We will continue to make bold investments in virtual currencies and continue to drive the growth of this technology.”
This article has been updated to reflect the fact that bitcoin fell from US.$1,050,000 to US $10,000.