Bitcoin Nears $9,000 As Main Stream Crypto Adoption Rises
Bitcoin (BTC), according to Coingecko.com, 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.