Bitcoin Price Hits New 2019 High Soon to Cross $10,000

By Kehinde LAWAL Cryptocurrency 0 Comments

Bitcoin (BTC) set a new 2019 high on June 21, hitting $9,800 and firmly beating daily returns of almost all major cryptocurrencies.

Market visualization courtesy of Coin360

Data from Coin360 put BTC/USD trading at around $9,675 at press time Friday after a minor correction from earlier highs.

The performance further cements bitcoin’s bullish progress over the past three months, surprising investors once more after retaking the $9,000 mark this week.

Monthly (30-day) gains for bitcoin investors now stand at 26.5%.

Bitcoin 7-day price chart. Source: Coin360

Previously, commentators had begun forecasting a break to $10,000 would spark considerable demand among prospective buyers, who would then push the bitcoin price higher. They included serial bitcoin bull Tom Lee, who in a note to clients of his Fundstrat Global Advisors said 2019 could see BTC/USD reach as high as $40,000.

Read Full Article: CoinTelegraph.com