Bitcoin, the number one cryptocurrency in the world by market capitalization has recently topped the $10K USD mark for the first time since 15 months.
This is the highest level it reached since March 8, 2018 representing a month to date gains of more than 13% as indicated in CoinDesk’s Bitcoin Price Index.
Traders will be happy to note that this sudden spike in prices is not likely to be a bull trap as it is backed by a 12% jump in trading volume, which translates to around $21 billion worth of Bitcoins have traded across cryptocurrency exchanges in the past 24 hours.
While Bitcoin’s long term prospect looks bright with the halving of rewards beyond the horizon it may see some pullback in the short-term after all prices have rallied more than 140% in the last 2.5 months.
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Headlines for the world of Cryptocurrencies - June 20, 2019
- YouNow Pursuing SEC-Compliant Crypto
- Circle K Convenience Stores Launch Bitcoin ATMs
- Lightning Network App Now Available For Mobile
- Big 4 Auditing Firm Launches New Tool To Audit Crypto Transactions
- Security Tokens Are The Future According To Coinbase And Overstock Executives
Headlines for the world of Cryptocurrencies - June 19, 2019
- Two Books Authored By Bitcoin Creator Appears On Amazon
- Bank Of America Wants A Cashless Society
- The Tech Department Of The Philippine Government Partners With Blockchain Startup
- Bitcoin Now 8th Largest Currency In The World
- Senate Banking Committee Wants To Know More About Facebook’s Libra Crypto
Headlines for the world of Cryptocurrencies - June 18, 2019
- Insurance Tech BlockClaim Uses Blockchain For Auto Claims Platform
- Ripple Partners With MoneyGram
- Polish Bank Now Uses Ethereum Smart Contracts Blockchain
- Blockchain Startup To Boost Cannabis Industry
- Binance Chain’s Bitcoin Pegged Token
