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Bitcoin price breaches $12,500 with $225Billion market cap

Bitcoin price breaches $12,500 with $225Billion market cap

June 26, 2019 12:24 pm,

Bitcoin has always been a hot topic when it comes to cryptocurrency. Ever since its launch in 2009, Since then it has been successful in creating a space for itself. When we think of it, this cryptocurrency has always been in the limelight for one reason or the other. Its founder Satoshi Nakamoto, whose identity is still under the mist, was able to create a hype that was some sort of a big boost to the launch. Ever since then, this cryptocurrency pioneer has never ceased to amaze us. Bitcoin has once again caught the media attention due to the recent hike in its value to a whopping $12,500 taking Market cap to $225Billion. As various crypto experts prediction, $30,000 will be a target before 2020

Bitcoin

Bitcoin was founded by Satoshi Nakamoto in the year 2009. The white paper was published in 2008 and the coin was launched one year after that. People were curious about the concept, but using Bitcoin as a mode of the monetary transaction was beyond the level of comprehension for the common folk. Because of its complex nature, Bitcoin was used more in the gaming arena and in between the computer geeks. Soon enough, the idea of mining came into action and this provided a decent means of income for the users. Slowly, people began investing in Bitcoin and other altcoins such as Ripple, Ethereum and Litecoin came into existence.

Journey through the decade

It has almost been a decade since the cryptocurrency giant has been launched in the public platform. The coin reached its all-time highest of 20,000USD in December of 2017. The year was pretty good for Bitcoin as a lot of positive publicity was given to the same. But since then and in between, there has been a significant diminishing of value in the cryptocurrency. A lot of nations banned the usage fearing its security issues and how it may lead to the fiat currency losing its power. But nevertheless, Bitcoin has come back with double the strength, owing to a lot of positive ripples that have paved the way to the hike in its value. For more, visit http://www.cnbc.com.

Price hike of 2019

So what led to the sudden hike in the price and value of Bitcoin? A couple of things have led to the same. The most important change that has taken place is the launch of Libra by Facebook. It has brought back the attention of the crowd back to the cryptocurrency. Again, the meeting between Justin Sun and Warren Buffet has again stirred the interest of the people. Investors are more open-minded to the idea of investing in Bitcoin and they have started showing a positive trend. When it comes to cryptocurrency, the one coin that the people trust the most is Bitcoin. So, whatever positive trends the world showers upon cryptocurrency, it will ultimately be reflected in Bitcoin. Famous Crypto Influencer predicts price to breach $100,000 

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