Bitcoin Price Surges Over $8,000
Bitcoin price continues to rise, recently reaching over $8,000. The price of the world’s largest cryptocurrency rose to $8,195 on Coinbase and was up another 17.4% in today’s trading. Powering most major cryptocurrencies including etherium, litecoin, Ripple’s XRP, EOS and Bitcoin, the total market capitalization of Bitcoin has increased by approximately $25 billion since Friday morning, surpassing $200 billion for the first time this year .
In the past 24 hours alone, data shows that more than $27 billion in Bitcoin was traded between exchanges, while $21 billion was traded on 10 top exchanges that are considered honest in their reporting Exchange for trading volume data.
While Bitcoin has always been dynamic, today’s developments are not an anomaly. In fact, the price of Bitcoin has been rising significantly for most of 2019, and just two days ago, the price increased by more than $1,000.
In the past 90 days alone, the price of Bitcoin has increased by 127%, with nearly 60% of that accumulated in the past 30 days.
Interestingly, Bitcoin’s price experienced a similar parabolic rise at the end of the last bear market in 2015. In fact, history appears to be repeating itself, at least very similarly, as the market for Bitcoin has once again entered a parabolic structure, rising nearly 150% from its latest low of $3,128 on December 15, 2018.
new york blockchain weeks? bitcoin futures ? Who is driving the rise?
With news this morning that Backett has committed to testing Bitcoin futures this July, traders are reveling in the surge in Bitcoin prices and new institutional interest in the digital asset class. Bitcoin has broken through the psychological $8,000 mark, and most technical analyzes suggest that short-term upward pressure may continue.
Meanwhile, the Bitcoin and cryptocurrency industry is gearing up to prepare for one of the biggest events on the cryptocurrency calendar, New York Blockchain Week and Consensus 2019, which begins today and will take place all week long at the Hilton in Midtown New York. Held at the hotel.
Bitcoin has been in a bull run as New York Blockchain Week approaches. Spending a few days in the heart of the crypto world, it’s perhaps fitting that the Intercontinental Exchange Group, the world’s largest cryptocurrency exchange, announced the launch of Bitcoin futures on its home soil. Bucket Exchange is the owner of New York Stock Exchange .
This rally may not push Bitcoin to the highs some participants hope for: After the recent rally, many market participants are calling for Bitcoin to return to its all-time high of $20,000.
However, the best news is that Bitcoin is finally "priced" among institutional investors. These institutional investors have been jumping around outside of the digital asset market until now they finally decided to jump in.
Frequent transfers by bulls push up prices
Over the weekend, some major Bitcoin holders moved staggering amounts of digital tokens, potentially driving the Bitcoin market higher, with the largest holder moving 47,000 Bitcoins , worth an incredible $343 million.
The mysterious trader traded approximately 100,000 Bitcoins over the weekend, with a total value of approximately $670 million. Like him, most Bitcoin bulls have moved their assets away from major cryptocurrency exchanges, with only a handful of the weekend’s biggest trades involving inflows of Bitcoin from cryptocurrency wallets to exchanges.
Despite Bitcoin’s price nearly doubling since the start of the year, Bitcoin holders have continued to bet on the asset, suggesting they believe Bitcoin’s Prices will continue to move higher.
While the price of Bitcoin is rising, $40 million in Bitcoin (approximately 7,000 digital tokens) was stolen from the Malta-based Binance exchange. Binance exchange is the world’s largest Bitcoin and cryptocurrency exchange.
According to Qichacha, large institutional investors like Fidelity Investment Group have increased their investment in crypto assets in recent weeks. If financial institutions start pouring large amounts of money into the Bitcoin market, we could be at the beginning of a very long crypto asset bull market.
Legendary programmer built a criminal empire, but did he also build Bitcoin?
Long-term prisoner Paul Leroux, who was released by the U.S. Justice Department today, has been basically confirmed to be the real Satoshi Nakamoto , the legendary father of Bitcoin. This is in sharp contrast to Bitcoin’s surge.
This also explains why Satoshi Nakamoto’s wallet address has been frozen for a long time—the reason is that he is serving his sentence in prison . A former crime boss and U.S. Drug Enforcement Administration (DEA) informant, he created E4M, a free Windows hard drive encryption software program, in 1999, and is suspected of being the creator of the open source TrueCrypt, which is based on E4M code.
This man's life was legendary, and his career included logging, precious metal mining, gold smuggling, land trading, drug transportation, arms trafficking and money laundering. In one of the many passports he owned, he used the name Satoshi Nakamoto. Leroux, the real-life boss behind a cocaine and gun empire that spanned four continents, turned superspy, was quoted as saying by US agents that he was "a very bad guy".
Bitcoin is a project of the evil genius Paul Leroux. Unfortunately, not long after he went silent as Satoshi Nakamoto, he was captured by law enforcement and would spend the rest of his life in prison. Bitcoin is more likely an extension of his obsession with cryptography, which dates back to the 1990s. Before Paul Leroux went bankrupt, he was considered a brilliant programmer and privacy theorist. In 1997, he began working on E4M (Encryption for the Masses), a software capable of encrypting entire disks.
1-year-old Bitcoin trader awarded $76 million, marking Bitcoin officially certified in the United StatesAmerican cryptocurrency investor and entrepreneur Michael Terpin has won a case related to SIM-swap fraud More than $75 million in damages. The sum will be paid out in more than $50 million in compensatory and punitive damages.
Turpin, 21, filed a lawsuit against Nicholas Truglia earlier this year. Truglia allegedly defrauded the investor out of 3 million cryptocurrencies worth $23.8 million at the time after taking control of his mobile phone number.
Tepin sued telecommunications company ATT for failing to protect his mobile phone data. Turpin claimed that the cell phone service provider was negligent in protecting customer data, allowing hackers to gain unauthorized access to his cell phone account. He sued for nearly $224 million in damages.
SIM-swap scams using SMS notifications for customer service are increasingly occurring. In this fraud, hackers act as the owners of the victim's mobile phone number and convince telecom operators to allow them to access calls and messages by issuing a SIM card with the same number.
As the largest Bitcoin trader in the United States, Turpin's victory in this case also completely declared the official status of Bitcoin assets in the United States. He subsequently gave a speech at the Consensus Conference in New York. Just two hours after the speech, Bitcoin climbed to $8,000.
A 21-year-old Bitcoin tycoon and the father of Bitcoin who are hiding in prison. Because of the skyrocketing price of Bitcoin, their lives have gone in two different directions, which is really sad. Seeing Bitcoin rising so high, would you choose to hold it? Please tell me your reasons in the comments section.
