Breaking News
Get Actionable Insights with InvestingPro+: Start 7 Day FREE Trial Register here
Investing Pro 0
Ad-Free Version. Upgrade your experience. Save up to 40% More details

Bitcoin Flutters Around $9,400, Cryptocurrencies Mixed

CryptocurrencyJun 20, 2019 12:13PM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items - Cryptocurrencies saw mixed trade on Thursday, while Bitcoin hovered around $9,400.

Cryptocurrencies overall were slightly lower, with the total coin market capitalization at $288.63 billion by 12:04 PM ET (16:04 GMT), compared to $288.92 billion a day earlier.

Bitcoin gained 3.3% to $9,404.3. The largest digital coin by market cap first broke $9,400 on Monday, reaching its highest level since May 2018. But a sharp correction the following day knocked nearly $300 off its value, requiring two days to regain lost territory.

Among its closest rivals, Ethereum edged forward 0.8% to $269.1, XRP lost 0.2% to $0.42821, while Litecoin traded down 1.7% at $135.045.

Social media giant Facebook’s crypto project Libra has been the talk in the alt coin community and may have been the cause for sparking interest in cryptocurrencies as a whole.

Trade volume spiked in the run-up to the official announcement, topping at $76.82 billion on Sunday, but has since died off, clocking in at just $46.66 billion on Wednesday.

Regulators have been quick to react to Facebook (NASDAQ:FB) proposal, dampening enthusiasm for the project that was planned to launch in the first half of 2020.

Among regulatory warnings worldwide, the U.S. Senate Banking Committee plans to drill the company for more details on July 16.
Maxine Waters, D-Calif., chairwoman of the U.S. House Financial Services Committee, was the first to call for a halt of the project until regulators have had a chance to properly vet the initiative.

The Senate’s hearing will be entitled "Examining Facebook's Proposed Digital Currency and Data Privacy Considerations." According to Facebook, its global stablecoin will operate on the native and scalable Libra blockchain, and be backed by a reserve of assets ostensibly “designed to give it intrinsic value” and mitigate volatility fluctuations.

Bitcoin Flutters Around $9,400, Cryptocurrencies Mixed

Related Articles

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind:  

  •            Enrich the conversation, don’t trash it.

  •           Stay focused and on track. Only post material that’s relevant to the topic being discussed. 

  •           Be respectful. Even negative opinions can be framed positively and diplomatically. Avoid profanity, slander or personal attacks directed at an author or another user. Racism, sexism and other forms of discrimination will not be tolerated.

  • Use standard writing style. Include punctuation and upper and lower cases. Comments that are written in all caps and contain excessive use of symbols will be removed.
  • NOTE: Spam and/or promotional messages and comments containing links will be removed. Phone numbers, email addresses, links to personal or business websites, Skype/Telegram/WhatsApp etc. addresses (including links to groups) will also be removed; self-promotional material or business-related solicitations or PR (ie, contact me for signals/advice etc.), and/or any other comment that contains personal contact specifcs or advertising will be removed as well. In addition, any of the above-mentioned violations may result in suspension of your account.
  • Doxxing. We do not allow any sharing of private or personal contact or other information about any individual or organization. This will result in immediate suspension of the commentor and his or her account.
  • Don’t monopolize the conversation. We appreciate passion and conviction, but we also strongly believe in giving everyone a chance to air their point of view. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at’s discretion.

Write your thoughts here
Are you sure you want to delete this chart?
Post also to:
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
Are you sure you want to delete this chart?
Replace the attached chart with a new chart ?
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Continue with Google
Sign up with Email