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Bitcoin is The Future: BTC Market Valuation Crosses $200 Billion And...

Bitcoin news today – Bitcoin has been surging higher for the past few days. Last week, the flagship cryptocurrency moved above $10k for the first time in 11 months and above $11k for the first time in 15 months. This was followed by a price correction that saw BTC settle around $10, 800 for a while. Towards the end of trading yesterday, the price of the cryptocurrency started to increase again surging above the $11,000 level. The market capitalization of the cryptocurrency moved above the $200 billion level and this is just the beginning. Why is the price of Bitcoin rising? Bitcoin News Today – Bitcoin Price Prediction 2019 – Why Is Bitcoin Rising? For the first time since January 2018, the market capitalization of Bitcoin has moved above the $200 billion level. This is not a surprise since the price of each token has moved from $4092 to $11,470 within a 90 day period. This was after it recovered from a low of $3404 during the first quarter of the year. At the time, the market capital..

US CFTC Approves LedgerX’s Application for Designation As Contract Market

LedgerX, a U.S.-based regulated crypto derivatives and clearing platform, has received CFTC approval to operate as a designated contract market. The United States Commodity Futures Trading Commission (CFTC) has approved the application of LedgerX LLC for designation as a contract market, according to an announcement published on June 25. LedgerX — a U.S.-based regulated crypto derivatives and clearing platform — can operate as a designated contract market (DCM) as of June 24, 2019. The company’s activities will be registered under Section 5 of the Commodity Exchange Act (CEA) and Part 38 of the CFTC’s regulations. Registration as a DCM will require that LedgerX maintain compliance with all applicable provisions of the CEA and CFTC regulations. “LedgerX has requested that the CFTC amend its order of registration as a DCO, which limits LedgerX to clearing swaps, to allow it to clear futures listed on its DCM,” the announcement further reads. LedgerX initially applied for a designated co..

Bitcoin Breaks $200 Billion Market Cap For the First Time in...

Bitcoin is on track for reversing its 2018 bear market metrics as its price continues to gain above $11,000. Bitcoin (BTC) set a new 15-month record high price on June 25 as the largest cryptocurrency continues its giant three-month bull run. Market visualization courtesy of Coin360 Data from Coin360 puts bitcoin firmly in the driving seat on cryptocurrency markets, 24-hour gains topping as much as 6% to take BTC/USD over $11,350. The last time the pair traded at those levels was in the first week of March 2018, before a protracted bear market set in, which took bitcoin to lows of $3130. The latest surge continues the surprising upward trend which set in on April 1, bitcoin shaking off negative news and other pressure to completely reverse most of its 2018 losses. Resistance as $10,000, which analysts said would be a significant hurdle to overcome, disappeared late last week, followed by $11,000 less than 24 hours later. In a further milestone, bitcoin’s market cap now sits at o..

Bitcoin Breaks $9,300 as US Stock Market Sees Minor Uptrend

Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin breaks $9,300. Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about 2.5% on the day, trading around $9,358 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 12.7%. Bitcoin 7-day price chart. Source: Coin360 Yesterday news broke that the Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising. Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $28.5 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $18 billion at press time. Coin360 data shows that ETH has seen its value increase by a fraction of a percent over the last 24 hours. At press time, ET..

Bitcoin Falls Near $9,000 as US Stock Market Sees Gains

Most of the top 20 cryptocurrencies are reporting moderate losses on the day as bitcoin descends back to $9,000. Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate losses on the day by press time, as bitcoin (BTC) falls Near $9,000 mark again. Market visualization courtesy of Coin360 Bitcoin is currently down about 3% on the day, trading around $9,045 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 11%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, bitcoin surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics. Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at $28.2 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $18.1 billion at press time. Coin360 data shows that ETH has seen its value decrease by about 2.27% over the last 24 hours. At press time..

Bitcoin Breaks $9,300 as US Stock Market Sees Minor Downturn

Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin breaks $9,300. Monday, June 17 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) passed the $9,300 mark again. Market visualization courtesy of Coin360 Bitcoin is currently up about 2.69% on the day, trading around $9,341 at press time, according to Coin360. Looking at its weekly chart, the coin is up around 18%. Bitcoin 7-day price chart. Source: Coin360 As Cointelegraph reported earlier today, bitcoin surpassed one million daily active addresses on June 14, according to blockchain statistics website CoinMetrics. Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $29.1 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $18.3 billion at press time. Coin360 data shows that ETH has seen its value increase by about 1.5% over the last 24 hours. At press time,..

Blockchain Developer Dispatch Labs Suffers Losses Despite Market Recovery

Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market. Blockchain company Dispatch Labs is incurring considerable losses despite extensive investment and a recovering cryptocurrency market, technology-focused news outlet Cryptobriefing reported on June 14. Initially, Dispatch Labs received funding from its executive team, subsequently raising over $13 million in a series of private rounds from other investors such as China-based capital firm Fenbushi Capital during the first half of 2018. However, the value of the raised capital slumped considerably following the market drop in the first quarter of the year. The company’s CEO Matt McGraw reportedly said that the team had indicated the threat driven by the market downturn, however the company did not have sufficient over the counter (OTC) availability at the moment to liquidate millions of dollars’ worth of digital currency. Dispatch Labs’ total remaining i..

Cryptocurrency Market Update: Bitcoin Price Surges Above $8400 Outperforming Altcoins As...

Cryptocurrency Market Update – The Bitcoin bull run resumed today as the price of the flagship cryptocurrency started to rise against the USD surging as high as $8400. While Bitcoin was enjoying a bull rally, most major altcoins were bleeding out apart from Bitcoin SV and a few others that recorded gains along with Bitcoin. If the Bitcoin bulls continue to drive the uptrend into the weekend, there is a high chance that the price will rise above the key resistance at $9000 again paving the way for more gains against the USD. The altcoin market is also most likely going to join the trend. Cryptocurrency Market Update – Bitcoin Price Analysis – Bitcoin News Today – BTC Price Prediction – Crypto Latest Update Last week, the entire altcoin market was enjoying a bull run while the price of Bitcoin consolidated against the USD. Coins like Litecoin, Cardano, Tron and EOS recorded significant gains per our previous cryptocurrency market update. Now, the tables have turned. The altcoins are co..

Study: Blockchain Market in Automotive & Aerospace Industries to Reach Over...

The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker. The blockchain market in the automotive and aerospace fields will reach over $20 billion by 2029, according to a recent report from market research project Reportlinker published on June 13. The analysis projects that blockchain applications in the automotive and aerospace and aviation industries will grow at a compound annual growth rate of 60.35% between 2019 and 2029. The study sees blockchain features such as transparency, fast transaction settlements, and removal of risk of fraud as major growth drivers. The report reads: "The finance, payments, and insurance services for automotive industry and manufacturing and supply chain for aerospace & aviation industry is dominating the blockchain in automotive and aerospace & aviation market and is anticipated to maintain its dominance throughout the forecast period. This..

Bitcoin Briefly Breaks $8,000 as US Stock Market Sees Slight losses

Most of the top 20 cryptocurrencies are reporting moderate gains on the day as bitcoin approaches $8,000. Wednesday, June 12 — most of the top 20 cryptocurrencies are reporting moderate gains on the day by press time, as bitcoin (BTC) approaches the $8,000 mark again after breaching it earlier today. Market visualization courtesy of Coin360 Bitcoin is currently up over 2% on the day, trading around $7,987 at press time, according to Coin360. Looking at its weekly chart, the coin is up nearly 4%. Bitcoin 7-day price chart. Source: Coin360 Ether (ETH) is holding onto its position as the largest altcoin by market cap, which currently stands at just under $26.4 billion. The second-largest altcoin, Ripple’s XRP, has a market cap of $16.6 billion at press time. Coin360 data shows that ETH has seen its value increase by about 3.15% over the last 24 hours. At press time, ETH is trading around $248. On the week, the coin has also gained over 2.8% of value. Ether 7-day price chart. Source: C..
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