The Real Reason Bitcoin Ethereum Ripple’s XRP And Litecoin Suddenly Rocketed?

The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?

The Real Reason Bitcoin, Ethereum, Ripple's XRP, And Litecoin Suddenly Rocketed?

Bitcoin, ethereum, Ripple's XRP, and litecoin suddenly rocketed this weekend, with the largest cryptocurrency by market capitalization, bitcoin, shooting past the psychological $10,000 per bitcoin mark to highs of $11,200 on the Luxembourg-based Bitstamp exchange.

Ethereum, Ripple's XRP, and litecoin all made double-digit gains, meanwhile, with the sudden push higher causing many to recall the great bitcoin and cryptocurrency bull run of late 2017 which saw the bitcoin price go from $10,000 per bitcoin to almost $20,000 in under 20 days.

Bitcoin and cryptocurrency analysts have been closely looking for the cause of the sudden price spike, which added some $30 billion to the total value of the world's cryptocurrencies over just two days, with Facebook's potential rival to bitcoin and next year's bitcoin halvening event two commonly named potential catalysts.

However, the bitcoin price spike has been led by India, with bitcoin trading at a $500 premium on the few remaining local exchanges as the government cracks down on internet services such as messaging app Telegram and news aggregator Reddit.

Earlier this month, an Indian government panel reportedly recommended banning bitcoin, which it branded a Ponzi scheme, and a blanket ban on the sale, purchase, and issuance of cryptocurrencies in the country.

Though the panel recommended banning bitcoin, some in the country are skeptical about its implementation, pointing to a previous recommendation that never came to pass.

However, India, under prime minister Narendra Modi, has had an unconventional approach to monetary policy, with the government plunging the country into chaos in 2016 by suddenly banning some higher value bank notes.

Some also think that Facebook's planned cryptocurrency has given legitimacy to bitcoin and other decentralized cryptocurrencies, making it more difficult for India to justify a complete ban.

"The panel report held weight before Facebook announced its plans. The tech giant launching a similar currency provides some sense of legitimacy,” Nischal Shetty, chief executive of Indian cryptocurrency exchange WaxirX told Quartz, a business news outlet.

"If Facebook is going to come up with this, then other tech companies may follow suit. It is hard to believe the government will say that such big companies are also into a Ponzi scheme."

Attempts to ban bitcoin and cryptocurrencies, decentralized internet services which are naturally resilient to censorship, could have a Streisand effect, proving the need for them and making people more aware they exist.

Meanwhile, analysts and trading experts believe Facebook's Libra cryptocurrency could give bitcoin a further boost and potentially push it back to the heady days of late 2017.

"Bullish investors believe if Facebook's crypto Libra becomes a trusted payment mechanism then people are also more likely to trust bitcoin as a reliable long-term store of value, a digital gold," said Glen Goodman, author of bitcoin and cryptocurrency trading advice book, The Crypto Trader.

"Many traders will be looking to take some profits off the table now, but it's worth remembering that last time bitcoin's price broke through $10,000 it then hit it's all-time high of nearly $20,000 just 16 days later."

 

 

Billy Bambrough

 

Alan Zibluk Markethive Founding Member

Bitcoin Skyrockets To 11000 – How High Can It Go From Here? BTC Price Analysis amp Weekly Overview

Bitcoin Skyrockets To $11,000  - How High Can It Go From Here? BTC Price Analysis & Weekly Overview

Bitcoin Skyrockets To $11,000 – How High Can It Go From Here? BTC Price Analysis & Weekly Overview

 

The most famous cryptocurrency does it again: Just four months ago Bitcoin was trading close to $3000, and now – close to $11,000.

Bitcoin managed to survive drops of more than 80% in its value successfully. Not only survive but overcome and become even stronger than before. Such strength we could have seen during the past three months, following the breakout of the $4,000 zone.

The $11,000 area was the target given to Bitcoin in our analysis from just two days ago. Another thing to note is the action during the weekends. Bitcoin whales plan their action to the weekends, and it’s not a coincidence that the breakout took place when most of the world is off to start another weekend.
 

Total Market Cap: $322.8 Billion (crossed $300 Billion!)

Bitcoin Market Cap: $190.8 Billion

BTC Dominance: 59.1%

Looking at the 1-day & 4-hour charts

– Support/Resistance:

Looking at the daily chart, we can see Bitcoin’s breakout of the upper ascending trend-line (out of the three lines, marked in orange). However, the longer-term weekly chart tells a different story, as the $11,000 serves as a robust resistance level.

Since the coin hadn’t seen a significant correction since the $7500 area, and the fact that Bitcoin is in the middle of yet another parabolic move, at the time when a correction will take place – it will hurt, however, till then you better not disturb the bulls. Anything that goes 3x in three months is unexpected and volatile, to both sides.

Now the closest resistance lies at $11,000. In case that this zone gets broken above, the next significant resistance area is around $11,500 – $11,600, which is the high from February 2018. Further above lies $12,000.

From below, Bitcoin had crossed $10,000 like it was nothing. The nearest levels of support lie at $10,600, $10,200 and $10,000. Below 5 digits is the $9600 – $9700 support area, $9400, $9000 and $8800.

– Daily chart’s RSI: The RSI also broke out above 70 and now facing the 80 level. However, one concern is the divergence in the RSI, both daily and weekly charts. To see the bullish momentum continue, the RSI needs to follow Bitcoin’s price chart in creating higher highs. Another thing to note is that Stochastic RSI of the daily chart is stretched out to the overbought area.

– Trading Volume: The volume is still not record breaking, yet. This is according to the divergence in the RSI. However, this could be due to the fact that it’s partly weekend.

– BitFinex open short positions: Just as expected, the open short positions are gaining momentum along with the rising Bitcoin. There are now 28.8 K BTC of open short positions. This is their highest level since May 11.

BTC/USD BitStamp 4-Hour Chart

BTC/USD BitStamp 1-Day Chart

 

AUTHOR: YUVAL GOV LAST UPDATED ON JUN 22, 2019 @ 09:14 UTC

Alan Zibluk Markethive Founding Member

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How God Can Turn Your Afflictions Into Good

The faithful man rejects despair and finds hope in the character of God

Written by GodLife on 18/06/2019

Series: Weekly Devotional

Tags: GriefHopeMercySovereigntyLoss


Behold, while the child was yet alive, we spoke to him, and he did not listen to us. How then can we say to him the child is dead?

2 Samuel 12:18

God’s Word has comforted millions of Bible believers for thousands of years. However, it’s a mistake to think that a fitting Bible passage can completely absorb the pain of losing a loved one in death. Even Jesus, though He embodied all the promises of God (2 Corinthians 1:20) and knew in advance that He would raise Lazarus from the dead (John 11:11), wept with sorrow at the grave of His friend (John 11:35-36). The loss of a child is especially painful because we invest our most selfless love and brightest hope for the future in our children. Even those who usually show calm, quiet strength in stressful situations can be twisted into grief-stricken outbursts or depressed withdrawal over the loss of their children.

This may have seemed the case with David, Israel’s most famous king. His servants were surprised by his actions during his child’s illness. So deep was his grief that members of his court worried about the impact of telling him the truth about his child. Read on to learn more about David’s suffering. If you’ve suffered a loss in your own family, may you draw some comfort from how he pursued his relationship with God.

Taking action — in God's direction

Though the prophet Nathan, God had predicted the first child of David and Bathsheba would die. David “sought the Lord” by praying, fasting and sleeping on the ground instead of in his kingly bed. This went on for seven days until the child’s death. David showed such a mournful, tormented attitude that his servants were afraid to tell him his child had died (2 Samuel 12:12-18). Why did David do this? He knew from experience that God is “good and forgiving, abounding in steadfast love to all who call upon Him” (Psalm 86:5). He hoped God would mercifully save the child’s life. While there was something he could do, he did it — by humbly appealing to God instead of hopelessly remaining in self-pity. (See 2 Samuel 12:22)

Taking ownership of the situation

David knew the death of the child was his fault. Nathan had pronounced this as one of the many judgments on his household. He began his approach to David in a way that made David see his hypocrisy (2 Samuel 12:1-14). Contrast this with Cain, the first murderer: Cain attempted to deceive God by saying, “I do not know; am I my brother's keeper?” when asked about Abel (Genesis 4:9). When God pronounced judgment on him, Cain protested, “My punishment is greater than I can bear” (Genesis 4:13). David’s sin was far greater: he had abused his power to betray Uriah, a faithful friend. He had committed adultery with Uriah’s wife, Bathsheba. He had commanded Joab to allow Uriah to be killed to cover up the evidence of his sin. However, when Nathan confronted him, he admitted, “I have sinned against the Lord” (2 Samuel 12:13). David’s punishment was also far greater than Cain’s. David’s grief and repentant attitude flowed out of his personal acknowledgment of guilt; it didn’t make him withdraw from the Lord. Instead, he trusted in God’s goodness and mercy, hoping, until the very end, for a reversal of the situation.

Taking initiative to comfort others

It’s common for grief over the death of a child to isolate a father and mother, adding to their pain. Men and women sometimes deal with their loss in very different ways and have trouble comforting one another effectively. This story ends with David taking steps to comfort his wife. Ultimately another son was born to them, Solomon. His name means “peace,” and a message delivered by Nathan led them to nickname him “Jedidiah”, which means, “loved by the Lord.” Despite the terrible way their relationship began, God made it known He had accepted David’s repentance and intercession. This brought healing and peace to the family. 

David’s strong faith in grief has been a source of hope for countless parents: “…I shall go to him, but he will not return to me” (2 Samuel 12:23). He expected their child to be awaiting them “in the house of the Lord forever” (Psalm 23:6) where David himself expected to dwell.

Although even the most hope-filled promises can’t erase a loss like this one, we can nevertheless be comforted by them. How does a verse like Romans 8:28apply in this situation?

“And we know that for those who love God all things work together for good, for those who are called according to his purpose.” (Romans 8:28)

Despite the vast destruction and death brought on by David’s sin, God brought Jesus to earth through his union with Bathsheba: Jesus’ legal right to Israel’s throne was established because of Mary’s husband Joseph’s descent from Solomon (Matthew 1:6). He was identified as Son of David (Matthew 1:1) because of Mary’s descent from a later son of David and Bathsheba, Nathan (1 Chronicles 3:5Luke 3:31). In His sovereign mercy, God worked this miserable experience out to be the way of salvation for David and everyone who has trusted in Christ for redemption! He can work your affliction out for your good as well!


Pray this week:

Father, I am sorry for doubting your goodness. I know that you can and will turn my afflictions to good. Help me see and understand when you do this. AMEN


Christians are told to “bear one another’s burdens.”

Alan Zibluk Markethive Founding Member

Bitcoin Closes in on 10000

Bitcoin Closes in on $10,000

Bitcoin Closes in on $10,000

It has been a stellar week for Bitcoin and it looks like the bull run is not over yet.

In Asian trade, BTC has broken out of the overhead resistance area around $9,500-600 region and is pushing higher. Clearly, all eyes are on the $10,000 mark as price continues to ramp up into the huge psychological level.

Interesting, GOLD has also been strong today, with many already calling Bitcoin, ‘digital gold’, there is some irony here. Gold has been strong as I wrote about earlier, thanks to an Iran strike against a US drone. Apparently, Trump considered to take military action but has so far held back.

Bitcoin, on the other hand, is really getting some strong follow-through, thanks to the news that Facebook is launching its own coin. Libra will be used as a payment between users on the entire platform including both Messenger and WhatsApp.

The market has been mixed in its response to the news. Some are saying that it validates the entire concept, while others are urging caution as the move is a stepping stone to companies ultimately controlling the world currencies, which could destabilise the entire monetary system on a global scale.

For the sake of our interests, we are more focused on the price action and given the fact that price has broken resistance, this is not a bad momentum play for a run into the $10,000 level.

As I’ve said before, there is sure to be selling pressure at that point, but at the same time, it will likely act as a magnet. So I would not be surprised to see this run into those highs today or in the next few sessions.

Bottom Line: We are long Bitcoin until proven otherwise. I expect price to test $10,000 and we will keep that long bias until we see how price responds at $10,000.

 

Posted Friday, June 21, 2019 by Rowan Crosby

Alan Zibluk Markethive Founding Member

Forgiving Others When It’s Hard

Why should I forgive someone who hurt me badly?

Written by Ruth on 04/06/2019
Series: Weekly Devotional
Tags: Forgiveness, Freedom, Reconciliation
When his brothers saw that their father loved him more than any of them, they hated him and could not speak a kind word to him.

Genesis 37:4
Joseph is badly treated
Joseph’s brothers hated him because their father loved him best. “Israel loved Joseph more than any other of his sons…and he made him a robe of many colors.” (Genesis 37:3) Such a coat would have shouted this favoritism to everyone who saw Joseph wearing it. As a result, his brothers took an opportunity one day, when Joseph came to visit them in the fields where they were working, to get rid of him. They intended to kill him, but the oldest brother talked them out of that – so they sold Joseph to some passing traders as a slave.

Forgiving does not always mean forgetting
Often we think we must “forgive and forget.” While that is what God does (Isaiah 43:25 and Psalm 103:12) nowhere in the Bible God tells us we must forget the sin we have forgiven. Joseph’s situation is a great example of why forgetting is sometimes impossible. He was far from his home, a slave who could not leave his master, living in a situation that eventually made him a prisoner instead of just a slave (Genesis 39). Forgiving means letting go of what happened, giving what was done to you to Jesus.

We can know Joseph forgave his brothers, even though he could not tell them so, soon after he was sold. How? We see it in the way he acted toward his master in Egypt. He served Potiphar well, so well, in fact, that Potiphar made Joseph the overseer of everything he owned. It is impossible for us to live peacefully in the unwanted consequences of someone else’s action against us without having forgiven those who caused our pain or injury.

Another proof we see that Joseph forgave his brothers was that he treated Potiphar’s wife righteously when she tempted him. Had Joseph still been angry at his brothers, his anger would have transferred to this situation where he would have wronged Potiphar without anyone probably discovering his sin –he would have felt it was his right to get something for himself out of this bad situation. He did not do so.

Again, when Joseph was sent to prison because of the wife’s false accusation, Joseph would not have willingly helped other prisoners with their problems (Genesis 40) if he had not forgiven his accusers. Joseph continued to trust God even when another betrayal appeared to sentence him to a life in prison.

What helped Joseph when he could not forget? He gave the whole problem to God! He had learned from his father’s stories, how Laban and Esau had harmed him. He remembered God’s promises to Jacob, and how those promises had been kept (Genesis 35).

Forgiving means reconciling
Then came the impossible – he met his brothers again! (Genesis 42-44). Joseph, now a man of great power, second only to the king of Egypt, could easily have sought and been granted justice by the king. But rather than seeking vengeance on his brothers, he did the hard work of finding reconciliation with them. He looked for assurance that they had changed from what he had experienced in them nearly 20 years ago. He tested to see if they still harbored jealousy in their hearts. He even set up a situation to see how they would treat his own younger brother, Benjamin, differently – would they sacrifice him for their own gain? He worked toward and won, reconciliation even though his brothers were afraid of him.

Pray this week:
Lord Jesus, help me to forgive ___ so that my relationship with You can remain clean.

Whom do you need to forgive? With whom do you need to seek reconciliation? Please write if you need someone to pray with you about your situation.

Alan Zibluk Markethive Founding Member

Bitcoin Price Storms 151 YTD as Facebook’s Libra Boosts 2019 Rally

Bitcoin Price Storms 151% YTD as Facebook's Libra Boosts 2019 Rally

Bitcoin Price Storms 151% YTD as Facebook’s Libra Boosts 2019 Rally

 

By CCN Markets: Bitcoin is up more than 151 percent against the U.S. dollar year-to-date at $9,300, surpassing most assets and stock indices in the likes of Nasdaq 100 and S&P 500 with ease in six-month performance.

The bitcoin price is up nearly $1,200 in the past week (source: coinmarketcap.com)

With the block reward halving of bitcoin on the horizon and the inflow of institutional capital consistently on the rise, the sentiment around the crypto market remains positive.

Why this trader says Libra will not negatively affect bitcoin

Libra, a crypto asset developed by the Libra Association, a consortium based in Switzerland founded by major conglomerates including Facebook, Visa, Mastercard, Lyft, Uber, Booking Holdings, and more, dominated the headlines in the financial sector in the past two days.

Some analysts have suggested that the release of Libra, planned for 2020, may lead to the decline in demand for existing crypto assets such as bitcoin and ether, the native cryptocurrency of Ethereum.

However, industry executives and traders within the crypto sector believe Libra would only act as a catalyst for existing crypto assets and boost mainstream interest towards the asset class.

DCG CEO Barry Silbert said:

“The launch of Facebook’s cryptocurrency will go down in history as the catalyst that propelled digital assets (including bitcoin) to mass global consumer adoption. Will be remembered as just as important — and transformative — as the launch of the Netscape browser. Buckle up.”

A crypto trader and real estate developer known as Satoshi Flipper noted that Libra, which will operate as a stablecoin backed by the Libra Reserve according to its whitepaper, will not replace bitcoin nor compete against it in the same market.

Rather, it would operate in a centralized ecosystem with regulations and oversight, bringing more awareness to bitcoin and the rest of the crypto market.

He said:

Once Libra goes live, nobody outside of the Facebook platform will care much for it. It’s another stable coin and it’s not replacing BTC. It will work in a centralized ecosystem. But it will bring awareness to BTC and altcoins. And I’m excited about the network effect it will have.

The Winklevoss twins, billionaire bitcoin investors and the founders of the Gemini exchange, also expressed their optimistic stance on the near to medium term performance of bitcoin.

Tyler Winklevoss said that if the bitcoin price breaks above $10,000, it is highly likely to surge above $15,000 based on the historical performance of the asset.

Similarly, Fundstrat co-founder Thomas Lee stated that if the bitcoin price surpasses the $10,000 mark, a 200 to 400 percent increase in value is expected based on the performance of bitcoin throughout the past several years.

Lee said:

“Well, you know I think bitcoin ultimately becomes a reserve currency in crypto, bitcoin at $9,000 has only been at this level in four percent of its history. We’re deep into a bull market and people are pretty silent about it. I think bitcoin is easily going to take out its all-time high.”

Will alternative crypto assets see light?

From record highs, alternative crypto assets remain down by more than 80 percent against the U.S. dollar on average.

Ether and XRP, for instance, are down 81 percent and 87 percent respectively from their all-time highs while bitcoin is down about 52 percent from its record high at above $20,000.

Based on the strong performance of bitcoin since January and the struggle of alternative crypto assets to match the performance of bitcoin in the last six months, traders see potential in major assets to rebound strongly shall bitcoin maintain its momentum throughout 2019.

 

 

Published: 20/06/2019 04:47 ET. Journalist:

Joseph Young @iamjosephyoung

Alan Zibluk Markethive Founding Member

Overcoming Fear Is Possible

Doing the very thing that makes you afraid can be God’s way of helping you overcome that fear.

Written by Gary Fleetwood on 16/07/2018

Series: Weekly Devotional

Tags: AnxietyFearTrust


The Lord is my light and my salvation; whom shall I fear? The Lord is the stronghold of my life; of whom shall I be afraid?

Psalm 27:1

I remember the first time that I went to Zimbabwe to evangelize out in the rural areas of the country. That first day was a little scary (to say the least). The person driving me around dropped me off in the middle of nowhere! I was with a young teenage boy who had been in the area before, but there was nothing familiar in sight. We could not see any villages, there were no roads except the one we were on, and we were very near the Zambezi River where all the wild animals go for water during the day.

I would be lying if I said that I was not a little bit anxious and fearful. I didn't even know where I would be at the end of the day or who was coming to pick us up. As the day got later and began to cool off, the wild animals started to move around more and my anxiety increased all the more.

You can probably imagine why I was not optimistic about my evangelism trip at this point. I did not even speak the language of the people that I was there to evangelize. However, after a week of walking in 100-degree heat every day, nearly 200 people had come to Christ. The next week I stayed with them and discipled them every day for about eight hours and a church was started.

So, what did I learn through that experience?

This trip was one of the greatest lessons of my life. I learned that I could trust God completely to help me reach people that needed Christ and that He was my protection at all times – even in a very dangerous setting. It strengthened me that I could trust God – especially when I was afraid. By the end of the first couple of days in the country I found that I no longer felt afraid, and eagerly wanted to return to the rural areas and start evangelizing the next day. It was great. No wonder David could say in Psalm 27:1 “Whom (or what) shall I fear?”

Learning how to overcome fear is one of God’s spiritual tools.

Everyone has certain things in their life that make them afraid. However, doing the very thing that makes you afraid can be God’s way of helping you overcome that fear.

I remember the first time that I ever flew. I was very nervous, and every time the plane encountered turbulence, I would become anxious. I would immediately think “Are we going to crash?” However, I have been flying for many years now, and I rarely even notice the turbulence, and I certainly am not afraid or anxious about flying. 

Many people seem so fearful to share their faith that they never talk to anyone about Christ. They wonder what someone will think of them, or they think that they cannot answer all of their questions. The best way, though, to overcome that fear is to talk to someone about Christ. Your faith in God’s power and presence in your life will give you the help to overcome your fears of witnessing to someone. Listen to what God told Joshua in Joshua 1:9

“Have I not commanded you? Be strong and courageous. Do not be frightened, and do not be dismayed, for the LORD your God is with you wherever you go.”

What a great promise! In difficult times that make us afraid, God’s truth becomes our comfort and our strength. His truth gives us all of the reasons to have hope because our God is a great God, an all-powerful God.

Is there anything else that can help me trust God through my fears?

Any time that we are facing fears that seem to cripple us and paralyze our life, they are always harder to face when we face them alone. Sometimes we have to face them alone, but other times we need someone else in our life to encourage us and give us hope as we face our fears. Recently I had to speak to a group of people who were going on their first ever mission trip to Madagascar. It was a very long trip, and most of them had never been on a mission trip.

They knew nothing, and it frightened some of them. However, simply listening to me sharing with them about the many times I have gone to new places to minister Christ to people became a great encouragement to them. The encouragement that we can find from sharing our fears and anxieties with other believers can be a great source of strength in our life.


Pray this week:

Father, in those areas of my life that make me afraid, will you please bring someone into my life that can help me face those fears? I know that I need a spiritual helper that can be there to encourage me when I feel those fears coming on me.


Are you willing to open your life up to someone else to let them know about your personal fears that you are trying to hide from everyone else?

Alan Zibluk Markethive Founding Member

Bitcoin’s Rally Forgets These Asia Crypto Shares

Bitcoin's Rally Forgets These Asia Crypto Shares

Bitcoin's Rally Forgets These Asia Crypto Shares

(Bloomberg) — This year’s resurgence of Bitcoin and other cryptocurrencies has yet to translate into the same kind of gains for some of Asia’s more prominent crypto-linked stocks.

The largest digital coin is up about 150% in 2019, surging past the $9,000 level earlier this week ahead of Facebook Inc.’s announcement for a cryptocurrency called Libra, that will be governed by a group of almost 30 companies including Visa Inc., Mastercard Inc. and PayPal Holdings Inc. Facebook shares slipped 0.3% in New York after the announcement Tuesday.

The prospect of Facebook and other mainstream institutions such as JPMorgan Chase & Co. entering the space has been one of the main drivers of the so-called thaw in the “crypto winter” since April. U.S. bitcoin-exposed assets have rallied: Grayscale Bitcoin Trust soared 189% this year, Riot Blockchain Inc. rose 78%, Marathon Patent Group Inc. climbed 50% and Parateum Inc. surged 67%.

But there has been little follow through in Asia.

Monex Group Inc., which owns the Japanese exchange and former hacking victim Coincheck Inc., is down more than 2% this year in Tokyo. The brokerage is counting on its investment in Coincheck to help its securities arm make up lost territory against its competitors.

Others include Remixpoint Inc., operator of crypto exchange BITPoint, which has lost 10% so far in 2019. Vidente Co., a shareholder of South Korean exchange Bithumb, is down 14% this year, while BC Technology Group Ltd., which launched new crypto exchange ANXONE earlier this year is also down 35% amid a wider selloff among Hong Kong-listed stocks.

“Companies that have invested in exchanges, I do think they will lag price appreciation in terms of the stock,” said Vijay Ayyar, Singapore-based head of business development at Luno, a crypto exchange. Companies need to “report at some point and actually show some guidance in terms of how they are able to convert their crypto revenue into fiat dollars.”

While it can be difficult to determine a company’s exposure to crypto relative to its other operations, Ayyar sees three levels by which investors can roughly gauge how closely a stock may move in line with the price of Bitcoin, with the first the most strongly correlated:

Outright ownership of digital assets;Investment in a crypto exchange;Investment in a blockchain project.

“I do think that in crypto, the general consensus seems to be that you are basically better off owning crypto rather than trying to invest in the peripheral stocks,” Ayyar added. “Owning crypto-linked stocks is lesser risk and potentially lesser reward because it’s not going to directly be as lucrative.”

Stock-Market Summary

MSCI Asia Pacific Index ex-Japan up 1.5%MSCI Asia Pacific Index up 1.5%Japan’s Topix index up 1.5%; Nikkei 225 up 1.6%Hong Kong’s Hang Seng Index up 2.2%; Hang Seng China Enterprises up 2.2%; Shanghai Composite up 1.4%; CSI 300 up 1.9%Taiwan’s Taiex index up 1.3%South Korea’s Kospi index up 1%; Kospi 200 up 1.1%Australia’s S&P/ASX 200 up 1%; New Zealand’s S&P/NZX 50 up 1.1%Singapore’s Straits Times Index up 1.3%; Malaysia’s KLCI up 0.3%; Philippine Stock Exchange Index up 0.3%; Jakarta Composite up 0.8%; Vietnam’s VN Index down 0.3%S&P 500 e-mini futures little changed after index closed up 1% in last session

 

Bloomberg Eric Lam

Alan Zibluk Markethive Founding Member

Bitcoin Climbs Above 92316 Level Up 086

Bitcoin Climbs Above 9,231.6 Level, Up 0.86%

Bitcoin Climbs Above 9,231.6 Level, Up 0.86%

Investing.com – Bitcoin rose above the $9,231.6 threshold on Tuesday. Bitcoin was trading at 9,231.6 by 00:54 (04:54 GMT) on the Investing.com Index, up 0.86% on the day. It was the largest one-day percentage gain since June 17.

The move upwards pushed Bitcoin's market cap up to $164.6B, or 57.12% of the total cryptocurrency market cap. At its highest, Bitcoin's market cap was $241.2B.

Bitcoin had traded in a range of $9,199.2 to $9,336.1 in the previous twenty-four hours.

Over the past seven days, Bitcoin has seen a rise in value, as it gained 16.39%. The volume of Bitcoin traded in the twenty-four hours to time of writing was $15.3B or 29.04% of the total volume of all cryptocurrencies. It has traded in a range of $7,805.7661 to $9,438.1270 in the past 7 days.

At its current price, Bitcoin is still down 53.54% from its all-time high of $19,870.62 set on December 17, 2017.

Elsewhere in cryptocurrency trading

Ethereum was last at $270.01 on the Investing.com Index, up 0.81% on the day.

XRP was trading at $0.44702 on the Investing.com Index, a gain of 3.81%.

Ethereum's market cap was last at $28.9B or 10.04% of the total cryptocurrency market cap, while XRP's market cap totaled $19.2B or 6.65% of the total cryptocurrency market value.

Prices of the major cryptocurrency were mostly higher on Tuesday in Asia, with Bitcoin hovered above the key $9,000 level on Facebook’s reported move into cryptocurrency.

Bitcoin rose 2.1% to $9,267.4 by 11:30 PM ET (03:30 GMT). Ethereum gained 0.7% to $270.23. XRP jumped 4.3% to 0.44642, but Litecoin underperformed and lost 1.5% to $133.058.

Facebook (NASDAQ:FB) is reportedly launching a new digital asset to be used as a peer-to-peer payment within messenger apps. Bitcoin surged immediately following the news, as some analysts said the news could be the biggest boost for virtual coins in history.

 

 

Cryptocurrency News10 minutes ago (Jun 18, 2019 12:54AM ET)

Alan Zibluk Markethive Founding Member