Bitcoin Nears $9,000 As Main Stream Crypto Adoption Rises May 27, 2019 May 27, 2019 Kelly Cromley http://1AZFjzw2#Nwf63pYaMWq#xIY
Bitcoin NewsMay 27, 2019 by Kelly Cromley

Bitcoin Nears $9,000 As Main Stream Crypto Adoption Rises

Bitcoin (BTC), according to, skyrocketed today to hit an intraday high of $8,842.20, higher than one 12-month high of $8,422.37 recorded on July 25, 2018.

At the time of writing this article, Bitcoin (BTC) was trading at $8,697.09, up by 8.8% from prior close. In the past few weeks, there has been considerable rise in interest for the cryptocurrency, which has appreciated over 140% in 2019.

The price rise is partially attributed to a surge in the number of enterprises trialing or launching products related to cryptocurrencies. For instance, Taiwanese phone maker HTC unveiled a mobile centered on assisting people save their crypto currencies, while facebook is supposedly building its own cryptocurrency.

In the meanwhile, Fidelity has launched a new enterprise to assist Bitcoin trading by institutional investors. Other altcoins are also trading higher today. This includes Ethereum (ETH-$266.73), Ripple (XRP-$0.4102), Bitcoin Cash (BCH-$437.48), EOS ($6.92), Litecoin (LTC-$113), Cardano (ADA-$0.0857), Stellar (XLM-$0.1330), Tron (TRX-$0.0315) and IOTA (MIOTA-$0.4059).

Even with such a stupendous rise, Bitcoin is still trading more than 50% below the level of $19,000 recorded in late 2017.

Franck Muller, the Swiss-based premium watch manufacturer, has joined hands with unconventional asset investment company Regal Assets to unveil Bitcoin (BTC) storage watch “Encrypto.” Apart from being a top notch fashion accessory, with prices ranging between $9,800 and $50,600, the watch also operates as a cold wallet for BTC.

Likewise, Swisscom, one of the major Swiss telecommunications firm, has unveiled plans to disburse tokenized artwork via its Swisscom TV television network.

AuthorKelly Cromley

Kelly is our in house crytpto researcher, delving into the stories which matter from blockchains being used in the real world to new ico coming out.