Get 40% Off
👀 👁 🧿 All eyes on Biogen, up +4,56% after posting earnings. Our AI picked it in March 2024.
Which stocks will surge next?
Unlock AI-picked Stocks

Bitcoin Moonshot: 5 Reasons Why BTC Price is Going to $10,000

Published 06/21/2019, 11:28 AM
Updated 06/21/2019, 12:41 PM
Bitcoin Moonshot: 5 Reasons Why BTC Price is Going to $10,000

Bitcoin (BTC) is getting closer to the $10,000 range, possibly just a few days away. After the extended bear market that roughly continued from January 2018 to March 2019, BTC faced a series of challenges but seems to be in much better shape now. The trading remains risky and unregulated, but prices have moved away from their stagnation.

BTC seems set to test the $10,000 range for these chief reasons:

Tether (USDT) Record Supply: USDT-based trading remains instrumental for ensuring BTC sees enough liquidity. In the past weeks, new printings increased the Omni layer supply of USDT to above 3.54 billion, with another 900 million on the Ethereum (ETH) network. This additional liquidity allows exchanges to boost trading, and for traders to react quickly.

Self-Fulfilling Prophecy:

This article appeared first on Cryptovest

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.