Bitcoin Rallies Back Trading Above $11,000
- Trade Magnates Team
- Jul 4, 2019
- 1 min read
Bitcoin has recovered its down movement earlier on this week trading above the $11,000 mark while other crypto currencies are falling with Litecoin trading at $119.4, XRP down to $0.3977.
The digital currency was heading up recently after Facebook has announced their plans to launch its own crypto currency. Bitcoin reached almost $14,000 before falling this week below $10,000. Bitcoin is on the rise again trading above $11K today.
The digital currency and blockchain technology world has encouraged governments and large corporations to start looking closely at the cryptocurrency market to evaluate how they can adapt the transaction mechanism, to exchange value.
The cryptocurrency has undoubtably impacted the way we look at exchanging money and banking which increased the demand and created volatility around the digital currency. Will the beast volatility of the bitcoin slowdown anytime soon, or we will see more ups and downs in the short term?
#Bitcoin #CryptoCurrency #Facebook #Libra #DigitalCurrency #Ethereum #XRP #TradeMagnates #SocialMagnates
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