Day: June 22, 2019

Bitcoin Price Hits New 2019-High, Moves Past $10,700 Levels

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In a massive price rally, Bitcoin bulls pushed the cryptocurrency above $10,700 level making new highs for this year. Crypto experts think Facebook’s Libra launch has helped to drive this rally. Today, June 22, Bitcoin price has crossed its important barrier and hit the new high for 2019. Early today, the Bitcoin bulls raged in pushing the cryptocurrency above $10000. Soon after Bitcoin crossed these levels, the bullish sentiment gathered more steam to push the world’s largest cryptocurrency all the way above $10,700 levels. Note that it is for the…

Bitcoin Price (BTC) Jumps 10%: Road To $12K Now Wide Open

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Bitcoin price rallied recently above the key $10,000 resistance area against the US Dollar. The price is currently trading well above the $10,600 level and it could continue to climb in the near term. There is a key bullish trend line forming with support near $10,200 on the hourly chart of the BTC/USD pair (data feed from Kraken). The pair is likely to rally further above the $11,000 mark to register a solid uptrend. Bitcoin price gained more than 10% in the past 24 hours and broke $10K against the…

Bitcoin (BTC) Surges Past $10,700

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One word can describe the recent bout of Bitcoin (BTC) price action: wow. In the past 24 hours, the cryptocurrency market has experienced a rally seemingly not seen since late-2017, when hype drove prices to new highs day in, day out. As of the time of writing this, Bitcoin sits, according to Coin Market Cap, at $10,750, up 10% in the past 24 hours — a monumental gain which mostly came to fruition within the past four hours. Save for Ethereum, which itself is up 9% in the past day,…

Australian Reserve Bank Official Advises Caution in Anticipation of Libra

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Governor of the Reserve Bank of Australia (RBA), Philip Lowe, cautions that Facebook’s announced virtual currency—Libra—may not attain mainstream usage in the near future, according to a report by Bloomberg on June 20 The report quotes Lowe as follows regarding Libra: “There’s a lot of water under the bridge before Facebook’s proposal becomes something we’re using all the time […] There are a lot of regulatory issues that need to be addressed and they’ve got to make sure there’s a solid business case, so we’ve got to be careful before…

Bitcoin Roars Past $10,000, Key Resistance in Sight: Can BTC Break Through?

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Bitcoin Tops $10,000 For weeks now, Bitcoin (BTC) analysts have been eyeing $10,000. They hoped that sooner rather than later, the leading cryptocurrency would top that price point. As reported by this outlet, analyst Smart Contracter wrote that “I think its only a matter of time now before we break up again”, in reference to $10,000. On Friday, these hopes became reality, with BTC managing to run past $10,000 in a massive swing to the upside. As of the time of writing, Bitcoin has found itself at around $10,200, up…