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what is behind bitcoin surge

At least three important news items in the cryptocurrency space may have contributed to Bitcoin's recent gains: Facebook FB is planning to announce its own stablecoin this week, while major international cryptocurrency Binance Coin BNB revealed that it would ban U.

Besides Bitcoin's major gains, the biggest news in the broader cryptocurrency world in recent weeks has likely centered around Facebook. The social media titan is expected to reveal details about its own stablecoin this week, with a launch to come in As the largest social media company to join the cryptocurrency craze, Facebook has the potential to engage an enormous user base all around the world with its coin, which some sources say will be called GlobalCoin.

The project is backed by more than a dozen leading companies across multiple industries. Per CoinDesk, Blockchain Capital General Partner Spencer Bogart suggests that Facebook's move is a "bullish catalyst" for Bitcoin because it "eases the biggest friction in acquiring digital assets. Binance's decision to bar U. When the rival crypto changed its terms of use on June 14, the reaction was an immediate sell-off of Binance Coin.

Many of those investors may have turned to Bitcoin instead. This is another piece of big news for the cryptocurrency space, particularly after the Chicago Board Options Exchange CBOE revealed it would not renew its bitcoin futures offerings going forward.

Bitcoin's performance so far in has been exceptional, and it has certainly rekindled investor interest in the leading cryptocurrency by market cap. However, it's important to keep in mind that, even at its recent highs, Bitcoin has only approached half of its highest historical value, achieved at the end of and into the beginning of Bullish cryptocurrency enthusiasts continue to expect big gains from the coin, but there is still a huge amount of ground to cover to reach that threshold.

Almost two years after the cryptocurrency bubble reached its zenith, investors expect that even the biggest digital coins will be highly volatile. There's no guarantee that Bitcoin's impressive gains will continue into the future. However, if Facebook is able to ignite global interest in the digital currency space among a new crop of billions of potential investors, this could spell continued success for Bitcoin and other digital currencies as well.

Your Money. Personal Finance. Your Practice. Popular Courses. Login Newsletters. Binance Coin, the largest crypto by trading volume, barred U. Source: CoinDesk, Coin Telegraph. Compare Investment Accounts. The offers that appear in this table are from partnerships from which Investopedia receives compensation. Related Articles.

Bitcoin Top 5 Bitcoin Investors. Partner Links. Related Terms Bitcoin Definition Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified.

Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries. Millennials: Finances, Investing, and Retirement Learn the basics of what millennial need to know about finances, investing, and retirement.

Trade Hill Exchange A defunct bitcoin currency exchange launched in June of Darknet Market Darknet markets, or cryptomarkets, are sites on the dark web offering goods that can be purchased anonymously. Illicit goods such as drugs, stolen information, and weapons are common items in these markets.

Binance Exchange Definition Binance Exchange is an emerging crypto-to-crypto exchange that also offers a host of additional blockchain-specific services.

what is behind bitcoin surge

WATCH: Bitcoin could be the biggest bubble in history – here's how

This is fast becoming a reality as the coin is pumping up in price volume, and in past 24hrs highly impressive gains have been recorded. However, the dramatic upsurge has to be credited to the efflux of three major events over the past week. You see, during a period of global turmoil, the cryptocurrency has managed to outpace effectively every other asset class in the books. Operations began on July 16,and services are available in roughly 15 different languages to traders what is behind bitcoin surge every country except Japan and the U. Coinfloor, a cryptocurrency exchange that operates multiple subsidiary exchanges, is joining hands with Trading Technologies International, Inc. If you are checking out this article, then you would have known all about Bitcoin and how useful it is. The transactions made using Bitcoins are safe and secure and they go through cryptography technology.

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The digital currency bitcoin has moved from the fringes to more of the mainstream in the past few weeks, mostly because its value has risen at such an extraordinary rate. And just like a surging stock, it has left a lot of people wishing they had either got in earlier or wondering how they can jump on board now. But as ever, there are questions about how safe it is, how to regulate something which by its very nature is decentralised, and if it is just another bubble waiting to burst. Commenting has been disabled. To find out more, click here.

At least three important news items in the cryptocurrency space may have contributed to Bitcoin's recent gains: Facebook FB is planning to announce its bheind stablecoin this week, while major international cryptocurrency Binance Coin BNB revealed that it would ban U.

Besides Bitcoin's major gains, the biggest news in the broader cryptocurrency world in recent weeks has likely centered around Facebook.

The social media titan is expected to reveal details about its own stablecoin this week, with a launch to come in As the largest social media company to join the cryptocurrency craze, Facebook has the potential to engage an enormous user base all around the world with its coin, which some sources say will be called GlobalCoin. The project is backed by more than a dozen leading companies across multiple industries. Per CoinDesk, Blockchain Capital General Partner Spencer Bogart suggests that Facebook's move is a "bullish catalyst" for Bitcoin because it "eases the biggest friction in acquiring digital assets.

Binance's decision to bar U. When the rival crypto changed its terms of use on June 14, the reaction was an immediate sell-off of Binance Coin. Many of those investors may have turned to Bitcoin instead. This is another piece of big news for the cryptocurrency space, particularly after the Chicago Board Options Exchange CBOE revealed it would not renew what is behind bitcoin surge bitcoin futures offerings going bitcoih.

Bitcoin's performance so far in has been exceptional, and it has certainly rekindled investor interest in the leading cryptocurrency by market what is behind bitcoin surge. However, it's important to keep in mind that, even at its recent highs, Bitcoin has only approached half of its highest historical value, achieved at the end of and into the beginning of Bullish cryptocurrency enthusiasts continue to expect big gains from the coin, but there is still a huge amount of ground to cover to reach that threshold.

Almost two years after the cryptocurrency bubble reached its zenith, investors expect http://trackmyurl.biz/what-sites-can-i-buy-bitcoin-as-a-hawaii-resident-4430.html even the biggest digital coins will what is behind bitcoin surge highly volatile.

There's no guarantee that Bitcoin's impressive gains will continue into the future. However, if Facebook is able to ignite global interest in the digital currency space among a new crop of billions of potential investors, this could spell continued success for Bitcoin and other digital currencies as bitcojn.

Your Money. Personal Finance. Your Practice. Popular Courses. Login Newsletters. Binance Coin, the largest crypto by trading volume, barred U. Source: CoinDesk, Coin Telegraph. Compare Investment Accounts. The offers that appear in this surbe are from partnerships from which Investopedia receives compensation.

Related Articles. Bitcoin Top 5 Bitcoin Investors. Partner Links. Related Terms Bitcoin Definition Bitcoin is a digital or virtual currency created in that uses peer-to-peer technology to facilitate instant payments. It follows the ideas set out in a whitepaper by the mysterious Satoshi Nakamoto, whose true identity has yet to be verified. Blockchain Explained A guide to help you understand what blockchain is and how it can be used by industries. Millennials: Finances, Investing, and Retirement Learn the basics of what whaf need to know about finances, investing, and retirement.

Trade Hill Exchange A defunct bitcoin currency exchange launched in June of Darknet Market Darknet bitcin, or cryptomarkets, are sites on the dark web offering goods that can be purchased anonymously. Illicit goods such as drugs, stolen information, and weapons are common items in these markets. Binance Exchange Definition Binance Exchange is an emerging crypto-to-crypto exchange that also offers a host of additional blockchain-specific services.

The virtual currency has hit a record high of about $19,000 in recent days.

There's no guarantee that Bitcoin's impressive gains will continue into the future. Your Ad Choices. Retirement Daily. Markets open in 6 hrs 17 mins. Alex Sovpel, Director of Research at crypto trading platform Monfex, explained that "historically, there's been a positive linear association between the number of confirmed transactions whatt unique addresses, and the price of bitcoin. As the largest social media company to join the cryptocurrency craze, Facebook has the potential to engage an enormous user base all around the world with its coin, which some sources say will be called GlobalCoin. Specifically, the Bitcoin protocol gives BTC to miners for adding blocks to the blockchain. All Rights Reserved. Daniel Roberts Senior Writer. Coin Rivet. Bond Funds. Mutual Funds.

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