Monday, January 25, 2021
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

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

by firstcryptonews
October 14, 2020
0

Once again, Russia has a worrying idea for the local crypto industry and users as Russia’s Central Bank announced a new proposal...

epoxydao

EpoxyDAO – Bringing Crypto and eCommerce together

by firstcryptonews
October 11, 2020
0

To mitigate the volatility associated with cryptocurrencies, stablecoins have come out as the next big thing in eCommerce. These are...

MedicalVeda

MedicalVeda Announces a Defi Based Medical Health Care Protocol

by firstcryptonews
September 28, 2020
0

MedicalVeda, a Canada based medical-tech company, has recently announced a strategic partnership with ExMarkets -- a leading launchpad for blockchain...

Binance’s New Yield Farming Protocol PancakeSwap Promises Staking and Low Transaction Fees

Binance’s New Yield Farming Protocol PancakeSwap Promises Staking and Low Transaction Fees

by firstcryptonews
September 24, 2020
0

Binance launched another yield farming protocol, PancakeSwap, a new platform that will enable users to provide liquidity using BEP20 tokens...

cfx quantum

CFX Quantum is achieving heights, having most advanced technologies in their “wallet”

by firstcryptonews
September 4, 2020
0

In the era of the fastest growing technology, every day a new technique is invented by traders to boost their...

PayAccept

PayAccept: The future of Money Management

by firstcryptonews
August 13, 2020
0

There has been much debate on topics related to cryptocurrency and blockchain technology. Companies have advanced themselves recently with the...

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

Ripple’s XRP Network Might Be Prone to Suffer Similar Outage As Stellar Lumens

Ripple’s XRP Network Might Be Prone to Suffer Similar Outage As Stellar Lumens

2 years ago
Brexit Is Done: Will Britain’s Departure From The EU Boost Bitcoin Price?

Brexit Is Done: Will Britain’s Departure From The EU Boost Bitcoin Price?

12 months ago
SWACE IEO

That’s it! The first round of our IEO was a ROARING success after we exceeded our own expectations.

2 years ago
Ripple lambasts Bitcoin and Ethereum, showcases XRP as the most eco-friendly currency

Ripple lambasts Bitcoin and Ethereum, showcases XRP as the most eco-friendly currency

9 months ago
payaccept

PayAccept – Currency and Wallet payments accepted in seconds.

5 months ago
CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

CFTC Records Growing Bitcoin Futures Demand As Bakkt Launch Draws Near

2 years 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

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

This publicly listed company just bought $2 million worth of Bitcoin for its treasury

December 30, 2020

Recent News

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

Russian Central Bank Wants to Cap Bitcoin Buying at USD 7,800 a Year

October 14, 2020

Press Release

dao maker

Announcing the Completion of the DAO Maker DYCO on Gate.io Exchange

January 20, 2021

© 2020 First Crypto News

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

© 2020 First Crypto News