Advertise
CoinTrust
BTC
ETH
BCH
SOL
DOGE
SHIB
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos
No Result
View All Result
CoinTrust
No Result
View All Result

Home » Bitcoin Propels Over $9,000 On Excitement Over Bakkt’s Beta Phase & Facebook’s Crypto Libra

Bitcoin Propels Over $9,000 On Excitement Over Bakkt’s Beta Phase & Facebook’s Crypto Libra

Kelly Cromley by Kelly Cromley
Jun 17, 2019
in Bitcoin News, Market News, News
Reading Time: 2 mins read
0

For the first time in over a year, Bitcoin (BTC) crossed above the $9,000 mark yesterday. The king of crypto, which primarily decides the overall market trend, hit $9,385 briefly, and was trading at $9,156, reflecting a gain of 1.7% in 24 hours and 19.7% in seven days.

Bitcoin has appreciated by more than 142% in 2019, while the value of Bloomberg Galaxy Crypto Index has nearly doubled amidst a flurry of startups planning to increase their offering related to cryptocurrency services.

The price recorded yesterday was the highest since May 2018, although it is far lower from all-time high of $19,000 recorded in late 2017. The rally took Bitcoin’s market capitalization to cross $165 billion. Notably, at its peak, Bitcoin recorded market valuation of over $327 billion.

The uptrend in the past month was also complemented by a steady increase in trading volume, with $23.156 billion worth BTC-enabled trading activities in the past 24 hours as per CoinMarketCap. However, major cryptocurrency platforms reflect ‘real’ transactional data of $1.50 billion worth BTC.

Several reasons are being put forth for the recent rally in Bitcoin. Firstly, the planned launch of stablecoin, named Libra, by Facebook with backing from Visa, Paypal and Uber is seen as wide adoption of cryptos by tech and other new age business leaders. The new coin, Libra, is expected to facilitate users to make purchases in numerous ecommerce websites and not only in Facebook.

The second reason given for the Bitcoin rally is that Binance, arguably the world’s largest cryptocurrency exchange by trading volume, has decided to halt its services in the US. This implies a slight drop in selling pressure that enables the bulls elsewhere to propel the crypto.

Notably, BNB coin, the native crypto of Binance fell by over 2% against the BTC to trade at $32.50 at the time of writing this article.

In the meantime, Twitter, which is Facebook’s rival social media platform, continues to maintain the position that Bitcoin has the potential to become the “future of internet money,” with CEO Jack Dorsey asserting his confidence in Bitcoin and starting to employ cryptocurrency specialists in his payment transfer firm Square.

Notably, Bitcoin’s rally boosted the price of major altcoins such as Ethereum (ETH – $268), Ripple (XRP – $0.4282), Litecoin (LTC-$135.16), EOS (EOS-$7.02) and Cardano (ADA- $0.0917).

Most Bitcoin traders and investors are looking forward to Bitcoin halvening event that is anticipated next year. The event is anticipated to cause a ‘supply shock’ triggering a Bitcoin rally.

At present, cryptocurrency traders have their focus on Litecoin, which is scheduled to undergo halvening in August. The crypto has appreciated over 300% in 2019 and investors anticipate supply squeeze to propel the prices further.

In other developments, the much awaited Bakkt cryptocurrency exchange, which is backed by the Intercontinental Exchange and Starbucks, is preparing to enroll beta testers for its platform by next month.

Previous Post

Coinbase Custody Has $1.3bln in Assets Under Management, Forecasts $2 bln. Level Soon

Next Post

South American E-commerce Portal Mercado Libre To Integrate Facebook’s Crypto

Related Posts

spheron-chainbase-partner-to-power-ai-with-decentralized-data

Spheron and Chainbase Unite to Power AI with Decentralized Data

by Kelly Cromley
Jun 15, 2025
0

Spheron Network, a decentralized compute infrastructure provider, has announced a strategic partnership with Chainbase, an emerging omnichain data platform. This...

d3serve-labs-blockchain-model-domain-transfers

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
0

D3Serve Labs, operating independently from D3 Global Inc., has submitted a new patent application to the United States Patent and...

figure’s-$355m-blockchain-securitization-earns-s&p-ratings

Figure’s $355M Blockchain Securitization Earns S&P Ratings

by Kelly Cromley
Jun 15, 2025
0

Figure Technology Solutions has announced the successful securitization of $355 million in mortgage assets through its latest transaction, designated FIGRE...

daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
0

Daiko, an Ireland-based technology company, has revealed plans to introduce a blockchain-powered Virtual Pet game that aims to bridge the...

Emerging Cryptocurrency Shakes Up Industry as Potential Alternative to Bitcoin: ‘True Innovation’

Emerging Cryptocurrency Shakes Up Industry as Potential Alternative to Bitcoin: ‘True Innovation’

by Mostafijur Rahman
Jun 14, 2025
0

A rising cryptocurrency project is turning heads across the blockchain industry, positioning itself as a credible alternative to Bitcoin—and it’s...

tass-hub-ziggy-zeigler-web3-partnership

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025
0

TASS HUB, a decentralized Web3 content marketplace built on the Solana blockchain, has announced an exclusive long-term collaboration with Ziggy...

Next Post
South American E-commerce Portal Mercado Libre To Integrate Facebook’s Crypto

South American E-commerce Portal Mercado Libre To Integrate Facebook’s Crypto

  • blackrock invests in colle web3

    COLLE: Pioneering AI Web3 Platform Receives Investment Boost from BlackRock

    by Kelly Cromley
    May 13, 2024
  • Router Protocol and OpenWorldSwap Partnership to Revolutionize DEX Market

    by Kelly Cromley
    Aug 6, 2024
  • Central Bank of Saudi Arabia Teams Up with Ripple to Transform Cross-Border Settlements

    by Kelly Cromley
    Aug 17, 2023
  • GameStop’s Digital Transformation: Embracing Blockchain and NFTs

    by Kelly Cromley
    Feb 2, 2025
  • Blockchain Based Sports Platform SportsMint Unveiled

    by Kelly Cromley
    Apr 30, 2024

Recent News

spheron-chainbase-partner-to-power-ai-with-decentralized-data
Market News

Spheron and Chainbase Unite to Power AI with Decentralized Data

by Kelly Cromley
Jun 15, 2025
d3serve-labs-blockchain-model-domain-transfers
Market News

D3Serve Labs Proposes Blockchain Model for Domain Transfers

by Kelly Cromley
Jun 15, 2025
figure’s-$355m-blockchain-securitization-earns-s&p-ratings
Market News

Figure’s $355M Blockchain Securitization Earns S&P Ratings

by Kelly Cromley
Jun 15, 2025
daiko’s-virtual-pet-blends-real-dog-care-with-gamified-tech
Market News

Daiko’s Virtual Pet Blends Real Dog Care with Gamified Tech

by Kelly Cromley
Jun 15, 2025
tass-hub-ziggy-zeigler-web3-partnership
Market News

TASS HUB and Ziggy Zeigler Team Up to Empower Web3 Creators

by Kelly Cromley
Jun 14, 2025

Categories

  • Altcoin News
  • Analysis News
  • Binance Coin News
  • Bitcoin News
  • Blockchain
  • Blog
  • Cardano News
  • Ethereum News
  • ICO News
  • Legislation News
  • Market Forecasts
  • Market News
  • News
  • Ripple
  • Ripple News
  • Solana News
  • Tether News
  • XRP

Cointrust

  • About Us
  • Contact Us
  • Correction Request
  • Our Team

Legal

  • Disclaimer
  • Terms & Conditions
  • Privacy Policy
  • Cookie Policy

Popular

  • ICO Listings
  • Knowledge Base
  • All about Mining
  • Cryptocurrency Exchanges
  • How and Where to buy Cryptocurrency

Sitemap

  • News section
  • Sitemap
  • XML Sitemap

© 2024 CoinTrust.com.

CoinTrustCoinTrust

* DISCLAIMER: All information provided in CoinTrust is merely for informational purposes, we are not an investment advisor and not affiliated with any companies or ICO/Cryptocurrency Projects. To use this website you must accept our cookie policy, Disclaimer and Privacy Policies.

No Result
View All Result
  • News
  • Bitcoin
  • Ethereum
  • Altcoin
  • Market Cap
  • Learn
    • Buying Crypto
    • Crypto Mining
    • Crypto Exchanges
    • Knowledge
  • Crypto Casinos
    • Bitcoin Casinos
    • New Crypto Casinos
    • No KYC Crypto Casinos
    • Anonymous Crypto Casinos
    • VPN Friendly Crypto Casinos
    • Bitcoin Poker
    • Crypto Poker
    • Bitcoin Bingo
    • USDT Casinos
    • Offshore Online Casinos
    • Bitcoin Betting Sites
    • Crypto Sports Betting
    • Reddit’s Best Bitcoin and Crypto Casinos

© 2024 CoinTrust.com.

We use cookies to ensure that we give you the best experience on our website.
If you continue to use this site you agree to allow us to use cookies, in accordance with our Cookie Policy.
I Agree