Tuesday, July 5, 2022
No Result
View All Result
CONTACT
First Crypto News
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
  • News
  • Bitcoin
  • Ethereum
  • Industry
  • Market Updates
  • Price
  • Coins
  • Press Release
No Result
View All Result
First Crypto News
No Result
View All Result

Bitcoin Price Surges Past $9300 Level to Make a New High for 2019

by firstcryptonews
June 17, 2019
in News
Bitcoin Price Surges Past $9300 Level to Make a New High for 2019

Bitcoin achieved a new milestone on Sunday with its price smashing past $9000 levels. Other metrics suggest a strong buildup of the Bitcoin technicals and fundamentals.

On Sunday, June 16, the Bitcoin bulls raged-in again as the world’s largest cryptocurrency surged past $9000 levels making a new high for the year. At the press time, Bitcoin (BTC) is trading at a price of $9219 with a market cap of $163 billion. As per CoinMarket, Bitcoin 24-hour trading volumes have moved past $23 billion.

The Bitcoin rally started in April 2019 and since then Bitcoin has been constantly on the upward trajectory. While there have been healthy corrections in between, the bulls have kept the momentum going. Bitcoin (BTC) currently dominates 57% of the overall cryptocurrency market cap.

Opinions By Crypto Experts and Analysts

Crypto experts and analysts have given different targets for Bitcoin this year. Speaking about the potential drivers for the Sunday rally, analysts have different assertions and reasons behind.

Facebook’s Project Libra is likely to launch this week. Experts in the past have predicted that the arrival of Facebook’s native cryptocurrency GlobalCoin will act as a catalyst for Bitcoin. Barry Silbert, the founder of Digital currency Group tweeted about the same last Friday. He stated that Facebook’s GlobalCoin launch can considerably boost crypto adoption.

Chris Burniske, a partner at New York-based venture capitalist firm, Placeholder, thinks that Bitcoin acts as a hedge to the dropping Chinese Yuan price. Burniske expressed his views on Twitter in a series of tweets this Saturday, June 15.

Bitcoin Has Over 1 Million Active Addresses

In yet another important milestone, Bitcoin has managed to cross 1 million active addresses last Saturday, June 15. It is for the second time that bitcoin has achieved this landmark, the first being in November 2017. The data from CoinMetrics notes that there are over a million daily active addresses (DAA) that are currently using Bitcoins.

With one million addresses, it indicates that the Bitcoin adoption is significantly on the boost. Cryptocurrency analyst Kevin Rooke was the first to point out about this newly attained milestone. He spotted it when Bitcoin was trading around $9300 price yesterday with an average transaction fee of $3.23.

On the other hand, data from Blockchain.com suggests that the Bitcoin network hash rate has crossed 62 quadrillion hashes per second last Friday, June 14. The “hash rate” metrics indicates the miner’s performance and indicates the speed at which Bitcoin miners add new blocks to the network.

Moreover, in a recently published op-ed piece by Bloomberg analyst Aaron Brown predicts that Bitcoin rally could be fuelled by the increasing strength of its fundamentals along with other global finance events.

Brown states that the boom and the bust action for Bitcoin price won’t stop immediately. Moreover, Brown is bullish to the extent that if Bitcoin price action mirrors the bull run of 2017, it can go even as high anywhere between $60,000 to $400,000 followed by a sharp decline.

Related Posts

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

by firstcryptonews
June 18, 2022
0

The Connecter is an entire decentralized platform comprising of 4 fundamental elements that together create an ecosystem- The Connecter banking,...

DX Cup – Soccer Metaverse

DX Cup – Soccer Metaverse

by firstcryptonews
March 31, 2022
0

Despite the varying geographical and political situations in different parts of the world, if there’s anything that has remained consistent...

KAZANO The currency that changes the market rules of the crypto in the world

KAZANO The currency that changes the market rules of the crypto in the world

by firstcryptonews
January 22, 2022
0

KAZANO Currency Brief Overview 1 What is the casino currency 2 What he came to solve 3 What market is...

unime

Why you’re a LOSER if you use Facebook!

by firstcryptonews
October 12, 2021
0

Facebook, Instagram and the widely-used WhatsApp messaging service all broke at the same time. Complete radio silence. The reason is...

Top Secure Encrypted Messaging Apps in 2021

Top Secure Encrypted Messaging Apps in 2021

by firstcryptonews
October 6, 2021
0

Are you using the secure messaging app? Specifically, one of those apps uses encrypted messaging. It will help you prevent...

Akon Endorsed Platform Polker Reveal Staking Countdown and NFT Giveaway

Akon Endorsed Platform Polker Reveal Staking Countdown and NFT Giveaway

by firstcryptonews
September 18, 2021
0

Polker.Game has been bringing a constant stream of updates, development, and listings over the last few months - and they...

Next Post
Binance Aims to Have at Least Two Exchanges per Continent

Binance Aims to Have at Least Two Exchanges per Continent

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recommended

x10 legends

X10 Legends Significantly Oversubscribed at 758%

9 months ago
Local High School Teen Artist to Launch her Official NFT Collection

Local High School Teen Artist to Launch her Official NFT Collection

4 months ago
Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

Just-In: Panama Plans to Legalize Bitcoin (BTC) and Ethereum (ETH)

10 months ago
Reltime

Reltime ‘RTC’ list its unique PoA Protocol and Decentralized Ecosystem

6 months ago
Binance Hacked: Withdrawals Frozen, Manipulation Warning, BTC Dropped

Binance Hacked: Withdrawals Frozen, Manipulation Warning, BTC Dropped

3 years ago
Reactify Presents The Block LA at The James Goldstein Estate, Beverly Hills

Reactify Presents The Block LA at The James Goldstein Estate, Beverly Hills

3 months ago

First Crypto News

First Crypto News

First Crypto News is the Fastest Crypto News Portal. We Bring the Best and We Bring it Fast.

Bitcoin

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

Amid Chinese Crackdown, America’s Foundry USA Mining Pool Enters Top Ten Spot

June 21, 2021

Recent News

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

The Connecter 4.0- The World’s First Decentralized Bottom-Up Economy

June 18, 2022

Press Release

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

Coinweb Launches the OnRamp Platform to Provide Full Fiat Rails Access to Digital Assets

July 5, 2022

© 2020 First Crypto News

No Result
View All Result
  • Home
  • World
  • Science
  • Tech

© 2020 First Crypto News